BTG Pactual completed the acquisition of 7% stake in Maha Energy for $10m.

BTG Pactual, a Brazillian commercial bank, completed the acquisition of 7% stake in Maha Energy, an enhanced oil recovery technology provider, for $10m. “We are very pleased that BTG Pactual, Latin Americas largest investment bank, has decided to partner up with Maha to grow the Company further. We have quadrupled our oil and gas production since we obtained the SEK 300 million bond in 2017, and with this capital infusion, we have a clear road map to quadruple it again. We are happy to welcome BTG Pactual to the Maha shareholder family,” Jonas Lindvall, Maha Energy CEO.