trending Market Intelligence /marketintelligence/en/news-insights/trending/IiAlYYzeAoQ5yQ_w-TU10Q2 content esgSubNav
In This List

BTG Pactual pays 211M reais to purchase bad debt from Banco BVA

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


BTG Pactual pays 211M reais to purchase bad debt from Banco BVA

BTG Pactual Group paid 211 million Brazilian reais to purchase bad debts from the failed Brazilian bank Banco BVA S.A. in an auction Oct. 4, Valor Econômico reported.

The assets amounted to about 2.3 billion reais in face value, according to the publication.

BTG Pactual's purchase reportedly represented a 14% goodwill over the minimum price of 184.6 million reais.

As of Oct. 4, US$1 was equivalent to 3.13 Brazilian reais.