The Brazilian arm of BTG Pactual Participations will float shares of its investment banking and money management operations separately from its private equity and hedge fund operations. While BTG Pactual Participations handles investment banking and asset management, Banco BTG Pactual handles investments made with the bank's capital, including private equity and property. The current units listed under the "BBTG11" ticker will hold the same rights after their division into separate units, according to a securities filing.
The Brazilian arm of Banco BTG Pactual will float shares of its investment banking and money management operations separately from its private equity and hedge fund operations. While Banco BTG Pactual handles investment banking and asset management, BTG Pactual Participations handles investments made with the bank's capital, including private equity and property. The current units listed under the "BBTG11" ticker will hold the same rights after their division into separate units, according to a securities filing.