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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

Brazil BTG could raise $1.5 bln from funds

Posted on 10 September 2010

From Reuters: BTG Pactual, the Brazilian securities firm controlled by billionaire Andre Esteves, is in talks to raise about $1.5 billion from sovereign wealth funds in Asia and the Middle East, Valor Economico newspaper reported on Thursday, without saying how it obtained the information.
BTG would raise the cash through a private placement, issuing new shares that would give a group of sovereign funds a 15 percent stake in the firm, Valor said. Such transaction would value BTG Pactual at around $10 billion, the newspaper said……………………………………….Full Article: Source


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