BTG Pactual plans capital increase of $187 mln in unit-filing

SAO PAULO Fri Nov 23, 2012 7:37am EST

SAO PAULO Nov 23 (Reuters) - The board of Banco BTG Pactual SA, the investment banking unit of BTG Pactual Group , gave the go-ahead to a 391.87 million reais ($187 million) capital increase, according to a securities filing published on Friday.

Banco BTG Pactual will issue 19.87 million new common shares and 39.73 new million preferred stock that will be subscribed by the owners of a right known as "subscription bonus," according to the filing, dated Nov. 13.

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