Showing posts with label Bradesco BBI. Show all posts
Showing posts with label Bradesco BBI. Show all posts

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.

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