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.
Showing posts with label Morgan Stanley. Show all posts
Showing posts with label Morgan Stanley. Show all posts
Wednesday, 5 June 2019
Monday, 27 May 2019
Morgan Stanley is interested in acting more in Brazil
Morgan Stanley wants to expand its business in Brazil. To this end, it is eyeing in part the structured loan market – for these transactions, the bank targets loans that can range from $ 50 million to $ 250 million. Another objective of the institution will be to bring products offered by the bank in other countries to Brazil. The strategy will also increase the participation of Brazilians in its offshore platform. Caixa Econômica Federal has also chosen Morgan Stanley as a co-advisor to select his insurance partners.
Morgan Stanley, by assuming the position of insurance partner, will be entitled to sell policies for 20 years to Caixa's 93 million customers in its network of more than 4,000 branches.
Morgan Stanley, by assuming the position of insurance partner, will be entitled to sell policies for 20 years to Caixa's 93 million customers in its network of more than 4,000 branches.
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