BTG Said to Seek Portugal, Spain Assets: Corporate Brazil
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Grupo BTG Pactual, the Brazilian bank led by billionaire Andre Esteves, is seeking private-equity investments in Portugal and Spain as Europe’s debt crisis forces governments there to sell assets, a person with direct knowledge of the matter said.
BTG, Brazil’s fifth-largest bank by market value, wants to diversify its investments beyond Latin America and is looking in particular at infrastructure deals in the Iberian peninsula, said the person, who asked not to be identified because the plans aren’t public.