BTG Pactual is set to issue a different class of shares for its commodities trading unit spinoff Engelhart . Subject to regulatory and regulatory approval , investors in the fast - growing independent commodity sales and marketing arm will be able to convert their shares into units of Grupo BTG ##00 , the most - traded class of stock offered by the bank . Shareholders are expected to receive $ 1bn of Engelhart stock as BT Pactual reduces its stake in the company to 35 % from 92 % .
BTG Pactual is set to issue a different class of shares for its commodities trading unit spinoff Engelhart. Subject to regulatory and shareholder approval, investors in the fast-growing independent commodity sales and trading arm will be able to convert their shares into units of Grupo BTG Pactual, the most-traded class of stock offered by the bank. Shareholders are set to receive $1bn of Engelhart stock as BTG Pactual reduces its stake in the unit to 35% from 92%.