trending Market Intelligence /marketintelligence/en/news-insights/trending/uXp99cumDQZmICNA5F17IA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

BTG Pactual shareholders approve conversion of 100 million shares

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


BTG Pactual shareholders approve conversion of 100 million shares

Banco BTG Pactual SA said its shareholders approved the conversion of 100,000,000 class B preferred shares into as many class A preferred shares.

The conversion, approved at an extraordinary meeting held Dec. 20, was requested by one of the investment bank's shareholders, BTG said without naming the shareholder.

The move follows Brazil's central bank approving a request from André Esteves, BTG's founder and former CEO, to rejoin the company's controlling group, formally known as G7 Holding, The banker was arrested in late 2015 as part of a corruption investigation but was cleared of charges in 2018.

The class A shares do not carry any voting rights, but have priority in the repayment of capital, according to Reuters.