Mixed reaction as UBS sells Pactual, improves capital stance

23 Apr 2009

UBS is selling its Brazilian financial services business, UBS Pactual, for about $2.5bn to BTG Investments, roughly the same amount as it bought it for in 2006.

André Esteves is the head of BTG Investments, which is paying a premium to book value. He founded Banco Pactual, then ...

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