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BTG Pactual denies delisting plan rumors

BTG Pactual Grouprejected speculation that the company is considering delisting the company from public trading, saying that sucha move is not being discussed.

The comment follows a blog post in O Globo claiming that the Brazilian bank is working toward removingitself from public trading on the BM&FBovespa.

In its Oct. 4 statement, BTG Pactual called the report "merelyspeculative" and inconsistent with the company's repeated public statementson the matter.

Speculation about BTG's possible delisting first in the aftermath of a triggered by thearrest of former Chairmanand CEO André Esteves in November 2015.