Banco BTG Pactual SA and Caixa Participações SA have renewed a shareholder's agreement that was set to expire next year enabling them to continue as co-controllers of Banco Pan SA.
The agreement was extended for an additional period of eight years, with the contract expiring Feb. 1, 2027.
Banco Pan said its capital increase worth up to 400.0 million Brazilian reais was fully subscribed and paid up.
As of Jan. 31, US$1 was equivalent to 3.17 Brazilian reais.
