BTG’s Real Estate Fund Seeks to Sell $983 Million in Shares

Grupo BTG Pactual plans to sell about 2 billion reais ($983 million) in shares of its FII BTG Pactual Corporate Office Fund.

The Brazilian real estate fund will start selling 6.89 million shares in a secondary offering, according to a prospectus. BTG will issue other 6.15 million shares in a primary offering if all the secondary placement is concluded in two months.

To contact the reporters on this story: Francisco Marcelino in Sao Paulo at mdeoliveira@bloomberg.net; Cristiane Lucchesi in Sao Paulo at clucchesi5@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net

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