2 de diciembre de 2015 / 12:10 / hace 2 años

Esteves removed from control of BTG Pactual by seven top partners

SAO PAULO, Dec 2 (Reuters) - André Esteves was removed from control of Grupo BTG Pactual SA on Wednesday, after agreeing to a share swap with the other seven founding partners of the embattled Brazilian investment bank.

In a securities filing, BTG Pactual said a group named as the top seven partners - Marcelo Kalim, Roberto Balls Sallouti, Persio Arida, Antonio Carlos Canto Porto Filho, James Marcos de Oliveira, Renato Monteiro dos Santos and Guilherme Paes - agreed to take control of the bank from Esteves through a share swap. Terms of the deal were not disclosed.

The move, which results in a change of control at São Paulo-based BTG Pactual, requires approval from the Brazilian central bank. Esteves had about 29 percent of BTG Pactual. (Reporting by Guillermo Parra-Bernal; Editing by Lisa Von Ahn; Additional reporting by Brad Haynes and Priscila Jordão)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below