Edition:
United States

Carolina Mandl

UPDATE 2-Brazil's Banco BTG Pactual sees 30% loan book growth this year

Aug 13 2019

SAO PAULO, Aug 13 Latin America's largest independent investment bank, Banco BTG Pactual SA, expects its loan book to grow at least 30% this year, Chief Financial Officer João Dantas told Reuters on Tuesday.

Brazil's Banco Pan hires banks for share offering of up to $376 mln

Aug 13 2019

SAO PAULO, Aug 13 Brazilian lender Banco Pan SA has hired four investment banks to manage a share offering valued at as much as 1.5 billion reais ($376.43 million), two sources with knowledge of the matter said on Tuesday.

UPDATE 2-Banco do Brasil CEO rules out sale of stake in Cielo

Aug 08 2019

SAO PAULO, Aug 8 Banco do Brasil SA is not considering selling its stake in Cielo SA, the state-controlled lender's chief executive of said on Thursday, sending shares of the card processor down more than 2%.

Banco do Brasil prepares $2 billion share offering: sources

Aug 06 2019

SAO PAULO Brazilian state lender Banco do Brasil SA is readying a secondary share offering that may raise up to 7.9 billion reais ($2 billion), three people familiar with the matter said.

Exclusive: Education company Adtalem puts Brazil assets on the block

Aug 06 2019

SAO PAULO For-profit school chain Adtalem Global Education Inc has put its assets in Brazil up for sale, including flagship university Ibmec, four sources with knowledge of the matter said.

Exclusive - Petrobras LPG unit seen attracting Mubadala, SHV, Itausa bids: sources

Aug 05 2019

SAO PAULO Bidding groups led by Brazilian investment firm Itausa Investimentos SA , Abu Dhabi state investor Mubadala and SHV Energy of the Netherlands are expected to submit binding proposals to acquire state-controlled oil company Petroleo Brasileiro SA 's LPG unit, two sources with knowledge of the matter said on Monday.

UPDATE 1-Santander Brasil launches card processing service using rivals' machines

Aug 01 2019

SAO PAULO, Aug 1 Banco Santander Brasil SA launched a service on Thursday that allows small merchants to capture payment transactions through its card processor company GetNet without buying the bank's card reader machine.

Brazilian sewage co Igua Saneamento mulls IPO: sources

Jul 31 2019

SAO PAULO Brazilian sanitation company Iguá Saneamento SA is considering an initial public offering (IPO) to raise money for investments, three people with knowledge of the matter said.

Shares in Brazil's Banco Inter surge as it lures SoftBank

Jul 30 2019

SAO PAULO Shares in Banco Inter SA surged more than 20% on Tuesday as the Brazilian online lender raised 1.25 billion reais ($329.73 million) in an offering largely sold to Japan's SoftBank Group Corp , boosting pressure on traditional banks.

Fintechs at the gate: online brokers target affluent Brazilians

Jul 29 2019

A new breed of digital brokers is taking on the handful of Brazilian lenders such as Itau Unibanco Holding SA and Banco Bradesco SA that long had a lock on retail investors seeking a one-stop shop for banking and investments.

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