Bloomberg News

BTG, Holders Raising Up to 3.66 Billion Reais in IPO

April 24, 2012

Banco BTG Pactual SA (BBTG11) and its shareholders are raising as much as 3.66 billion reais ($1.95 billion) in an initial public offering, not including a supplementary lot, according to data posted on the website on Brazil’s securities regulator.

BTG is selling 93.6 million units in a primary offering, while its shareholders are selling an additional 23.4 million units in a secondary offer, per 31.25 reais each, according to the CVM website.

To contact the reporter on this story: Cristiane Lucchesi in Sao Paulo at clucchesi5@bloomberg.net

To contact the editor responsible for this story: Fabiola Moura at fdemoura@bloomberg.net


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