General Atlantic Buying Brazil’s XP Brokerage Stake, Veja Says

Private equity firm General Atlantic LLC agreed to pay 1.2 billion reais ($561.8 million) for a 30 percent stake in Brazilian brokerage XP Investimentos CCTVM SA, Veja reported, without saying where it got the information.

Guilherme Benchimol and Marcelo Maisonnave remain as controlling shareholders, Veja said.

To contact the reporter on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net.

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net.

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