BTG Pactual goes deeper into retail banking

BTG Pactual has taken another step into retail banking. For R$3.7 billion, it signed an agreement to buy the remaining stake of state-owned bank Caixa Econômica Federal in Banco Pan, becoming the sole controlling shareholder of the institution. BTG already owned 50.8% of the common shares and 44.9% of Pan's total capital. With the acquisition, it will hold all the voting capital...

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