BTG Pactual to acquire a remaining stake in Banco Pan from Caixa Economica Federal for $653m.

Synopsis

Banco BTG Pactual, a Brazilian financial company, agreed to acquire a remaining stake in Banco Pan, a Brazilian midsize commercial bank, from Caixa Economica Federal, a state-owned Brazilian financial services company, for $653m.

Principals

target

Banco Pan

bidder

Banco Btg Pactual

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Market Context

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Seller Team (1)

carlos eduardo pereira guimaraes

CEO at BANCO PAN SA

Manager

target

Deals

£ 749 M

Total Value

Bidder Team (1)

roberto sallouti

CEO at BANCO BTG PACTUAL SA

Manager

bidder

Deals

£ 4.64 B

Total Value

Vendor Team (1)

pedro guimaraes

CEO at CAIXA ECONOMICA FEDERAL

Manager

vendor

Deals

£ 471 M

Total Value

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