trending Market Intelligence /marketintelligence/en/news-insights/trending/SG_7qXXipn7GvgfwCYZ3cQ2 content esgSubNav
In This List

BTG Pactual sells stake in retail chain Lojas Leader

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


BTG Pactual sells stake in retail chain Lojas Leader

BTG PactualGroup and BTG Pactual Principal Investments FIP reached anagreement to offload100% of its shares in retail chain União de Lojas Leader S.A. to LegionHoldings for a symbolic amount, the bank said in an April 13 statement.

BTG Pactual said its investment in Leader "was notsignificant," adding that the deal is subject to regulatory approval andother conditions.

Legion Holdings is an investment company that specializes incorporate restructuring, the bank said.

In January, BTG filed an injunction to suspend a bankruptcy request filed againstLeader, in which the bank had a stake of about 70% in the retail chain throughits private equity arm and client funds.