BTG Pactual to anchor Privalia IPO

BTG Pactual to anchor Privalia IPO

Equity IPO Capital Markets Asset Management Technology Brazil

Brazilian investment bank BTG Pactual has agreed to buy a 5% stake in online retailer Privalia and serve as an "anchor" investor in a possible initial public offering (IPO), according to a securities filing. BTG's retail division, BTG+, will partner with Privalia after the investment and offer financial services through the e-commerce company, the bank said in the filing.  BTG has the option to acquire another 5% of Privalia from Veepee, a French retailer which owns 98.3% of the online retailer,

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