BTG Pactual to consider IPO in 2012

Tuesday, February 22, 2011

Brazilian investment banking group BTG Pactual will consider an IPO in 2012, according to CEO and owner André Esteves.

BTG raised US$1.8bn in a private share sale in December, which included the Government of Singapore Investment Corporation (GIC), China Investment Corporation (CIC), Abu Dhabi Investment Council (ADIC), JC Flowers and Lord Rothschild's family interests. It plans to work through this capital before reviewing its IPO options, Bloomberg quoted Esteves as saying.

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