Reuters – JC Flowers Selling Down BTG Pactual Stake

U.S. buyout firm JC Flowers & Co. is selling 40 percent of its stake in Brazilian investment bank giant BTG Pactual Group, according to analysts at Bradesco BBI, a day after the stock suffered its steepest fall in eight months. Units of BTG Pactual fell 4.3 percent to 31.50 reais on Thursday after the announcement of a planned block sale by an unnamed investor, which priced the stock at a 10 percent discount to Wednesday's close.

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