June 29, 2020 / 10:05 PM / 16 days ago

BTG Pactual raises 2.65 bln reais in follow-on -sources

SAO PAULO, June 29 (Reuters) - Brazilian investment bank Banco BTG Pactual SA set the price per unit in a share offering at 74.40 reais, two people with knowledge of the matter said.

The bank raised 2.65 billion reais to invest in its newly-launched retail banking unit, which mainly competes with digital brokers such as XP Inc.

Reporting by Carolina Mandl and Tatiana Bautzer Editing by Chris Reese

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