BTG Pactual plots equity sale

BTG Pactual plots equity sale

Capital Markets Corporate & Sovereign Strategy Equity Rule 476 Brazil Latin America

BTG Pactual approved on Thursday the sale of up 27.8 million units comprising one common share and two preferred shares that could earn up to BRL2.5 billion ($481 million) for the Brazilian investment bank. The bank plans to sell 22.2 million units in the initial offer but could increase this by 25%, or an additional 5.56 million units, according to a securities filing. Bradesco BBI, Itaú BBA, Morgan Stanley, Santander and BTG Pactual itself will coordinate the offer, the bank said. Shares in BT

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