Showing posts with label BTG Pactual. Show all posts
Showing posts with label BTG Pactual. Show all posts

Tuesday, 13 August 2019

BTG Pactual (BPAC11) shows a profit of R$ 1 billion in first-quarter 2019

On the balance sheet presented today, Banco BTG Pactual posted a profit of R$ 1 billion in the second quarter of 2019, up 50.2% over the same period in 2018, when it posted a profit of R$ 685 million.

According to the website Poder360, "the company's net operating revenue totaled R$ 2.2 billion, up 76.2% from R $ 1.2 billion in the second quarter of 2018. Adjusted earnings per share were R$ 1.18 and the annualized return on average equity reached 20.6% in the quarter."

Wednesday, 5 June 2019

BTG Pactual, Brazil's largest investment bank, announces it will make an offer to sell 48 million units

BTG Pactual SA, Brazil's largest investment bank, announced today (05.Jun.2019) it will initially sell 48 million units as part of a secondary stock offering with restricted efforts. According to the note, the bank itself will be the lead coordinator, along with Morgan Stanley, Bradesco BBI, UBS, and Banco do Brasil.

BTG announced this decision after entering the retail force with its digital platform of investments and disputed this market in Brazil. In May, the bank announced the creation of a new business unit to play all its initiatives in this segment. This area will be led by Amos Genish, former president of Vivo and Telecom Italia.

Brazil to Host World's Largest Biogas Plant, Pioneering Sustainable Energy

The Louis Dreyfus Company (LDC) marks construction commencement of the world's largest biogas plant from citrus effluents, which is loc...