BTG Pactual and Bolsa y Renta conclude merger
BTG Pactual and Bolsa y Renta have concluded their merger following approval from the Central Bank of Brazil and finalisation of all legal procedures allowing BTG Pactual to acquire 100 per cent of Bolsa y Renta stock.
"The merger with Bolsa y Renta enhances the capabilities of our Colombian operations and is a major step in our Latin America expansion strategy", says André Esteves, partner and chief executive of BTG Pactual. "As an extension of BTG Pactual's global platform, this transaction reinforces our regional leadership and our ability to assist companies and investors looking to invest and do business in Latin America.”
"The efforts of the two banks over the past six months have further convinced us of the value this merger will offer our clients and the Colombian capital markets," says Juan Luis Franco, president of Bolsa y Renta.
Acting in tandem, the companies have been offering alternatives to the market, demonstrating that Bolsa y Renta's knowledge and local positioning alongside BTG Pactual's experience, capital and backing are able to produce significant returns in the Colombian and Latin American markets.
Bolsa y Renta's current executive team will continue to manage the Colombian operation. The company logo will include the phrase "A BTG Pactual company".
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