Brazil's BTG unveils share buyback program
The board of Brazilian investment bank BTG Pactual approved a share buyback program equivalent to 306mn reais (US$79mn).
The bank said that the program will take place through the next 18 months and includes up to 15mn shares.
"The objective of the buyback program is to maximize the company's capital allocation," BTG said.
On the São Paulo stock exchange, the bank's shares closed Wednesday at 20.42 reais.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Political Risk & Macro (Brazil)
Brazil ratifies major tax overhaul
While most experts BNamericas talked to deemed the reform an improvement, they also highlighted issues related to growth and legal aspects.
Could the changes at Brazil’s antitrust authority affect renegotiations with Petrobras?
BNamericas spoke to Lucas Griebeler and Isadora Telli, lawyers at Souto Correa.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: O'Higgins Hospital Network: Rengo Hospital
- Current stage:
- Updated:
2 days ago
- Project: Yacyretá hydroelectric dam expansion
- Current stage:
- Updated:
2 days ago
- Project: Yumpag
- Current stage:
- Updated:
2 days ago
- Project: Cumaru-Gradaús
- Current stage:
- Updated:
10 hours ago
- Project: Sewerage system and water treatment of the city of Puerto Maldonado (Puerto Maldonado WWTP)
- Current stage:
- Updated:
2 days ago
- Project: Mexico Lindo Solar PV I photovoltaic park, El Chapote
- Current stage:
- Updated:
2 days ago
- Project: O'Higgins Hospital Network: Pichilemu Hospital
- Current stage:
- Updated:
2 days ago
- Project: San Nicolás
- Current stage:
- Updated:
2 days ago
- Project: Closure of the Combined Cycle of the Brigadier López Thermoelectric Plant
- Current stage:
- Updated:
2 days ago
- Project: Solaroz
- Current stage:
- Updated:
2 days ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Sicilsaldo SpA  (Sicilsaldo)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Puroil S.L  (Puroil)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Powerway Renewable Energy Co. Ltd.
- Company: Jinko Solar Chile
- Company: Measures Solutions, S. de R.L. de C.V.  (Measure Solutions)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Coopsa Ambiental S.A. de C.V.  (Coopsa Ambiental)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: GA Energy Services, S.A.P.I. de C.V.  (GA Energy Services)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: UTE Benito Roggio e Hijos S.A. - Mijovi S.R.L.  (UTE Benito Roggio e Hijos - Mijovi)
-
UTE Benito Roggio e Hijos S.A. - Mijovi S.R.L. is a partnership formed by Benito Roggio e Hijos S.A. and Mijovi S.R.L. for the implementation of the project Highway Santiago del...