Grupo BTG Pactual SA (BBTG11.SA) is gauging the impact of segregating stock trading of its two main business divisions. In securities filing on January 27, 2017, BTG Pactual Group said it is gauging all the legal, regulatory and operational aspects of separating Banco BTG Pactual S.A. and BTG Pactual Participations Ltd. (BOVESPA:BBTG35). Trading of Grupo BTG Pactual's units, a blend of common and preferred shares in both divisions, will be maintained, the filing said. Grupo BTG Pactual's controlling shareholders have signaled they will endorse the business segregation plan, which could entail risks for minority holders of Grupo BTG Pactual's units, the filing said. Both divisions convened shareholder meetings on February 13, 2017, and February 3, 2017, respectively, to discuss the plan.
Banco BTG Pactual SA is a Brazil-based bank primarily engaged in the investment banking and investment management activities. Together with its subsidiaries, the Bank offers a range of financial services, including investment banking, corporate lending, brokerage and clearing services, asset management, wealth management, commercial and consumer banking services, merchant banking and real estate investments. Through the platform BTG Pactual digital, the Bank facilitates online retail investments. It also provides property and casualty insurance and reinsurance services. The bank has a number of subsidiaries in Brazil and abroad, with present in many Latin American countries, the United States, the United Kingdom, Luxembourg and Hong Kong.