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Brazil's BTG Pactual agrees to buy controlling stake in Banco Nacional
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Brazil's BTG Pactual agrees to buy controlling stake in Banco Nacional
May 31, 2024 4:41 PM

SAO PAULO, May 31 (Reuters) - Brazilian investment bank

BTG Pactual has agreed to buy a controlling stake in

Banco Nacional, both lenders said on Friday in separate filings.

The deal's value was not disclosed.

BTG said the move is part of the strategy of its 'special

situations' unit, which invests in troubled companies aiming for

further profit.

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