JC Flowers in Talks to Buy Piece of Banco BTG Pactual

A group of investors led by buyout shop JC Flowers is in talks to buy a piece of Brazil’s Banco BTG Pactual, Reuters reported, citing a story by Bloomberg. The group of investors includes the sovereign wealth fund Government of Singapore Investment Corp., Reuters said. The group will reportedly pay roughly $1.5 billion for a 15% stake in the Brazilian firm.

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