Bloomberg News

BTG Pactual to Own 0.54% of Citic Securities Capital After IPO

October 03, 2011

Oct. 3 (Bloomberg) -- Banco BTG Pactual SA, the Brazilian bank led by billionaire Andre Esteves, will own a 0.54 percent stake in Citic Securities Co. after the Chinese brokerage’s initial public offering, according to a Citic filing with the Hong Kong Stock Exchange.

Citic, listed in Shanghai, set its IPO price at HK$13.30 a share, according to the filing.

To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net

To contact the editor responsible for this story: Adriana Brasileiro at abrasileiro@bloomberg.net


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