Sunday, June 16, 2024

BTG Pactual near deal to acquire New-York based wealth management bank – report

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  • Banco BTG Pactual is near a deal to purchase a wealth-management bank in New York as it expands globally.
  • The name of the target wasn’t immediately known, according to a Bloomberg report on Friday, which cited people familiar with the matter. The Brazilian investment bank plans to inject $300 million to $350 million in the bank after the acquisition.
  • BTG didn’t immediately reply to a Bloomberg request for comment.

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