Banca dello Stato del su ##d ( BancaStato ) has emerged as a prospective buyer of euros Pactual 's shares , which the troubled Brazilian bank bought last year for $ 1.3bn ; these documents suggest that Julius Baer will not be bidding . BancaStato said it was considering a non - binding offer for BSI , together with several other parties .
Banca dello Stato del Cantone Ticino (BancaStato) has emerged as a prospective buyer of BTG Pactual's BSI, which the troubled Brazilian bank bought last year for $1.3bn; these reports suggest that Julius Baer will not be bidding. BancaStato said it was making a non-binding offer for BSI, together with two other parties.