Caixa evaluates selling shares in Banco Pan

Caixa evaluates selling shares in Banco Pan

Equity Capital Markets IPO Corporate & Sovereign Strategy Brazil Latin America

Brazilian federal savings bank Caixa Econômica Federal is evaluating the sale of preferred shares in Banco Pan while holding on to common shares, according to a securities filings on Thursday. Caixapar, the bank's investments division, is analyzing a possible deal, but it still needs approval and "remains subject to the conditions Brazilian and international capital markets," Banco Pan said in the filing. BTG Pactual, Credit Suisse, Banco Itaú and Caixa itself will coordinate the offering for Ca

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