Brazilian Bank BTG Says Esteves No Longer a Controlling ShareholderBy
Bonds continue to slump after Moody's downgrade to junk
Company raises $618 million with sale of Rede D'Or stake
Grupo BTG Pactual SA founder Andre Esteves lost control of Latin America’s largest independent investment bank a week after his arrest in a corruption probe, as his former partners rushed to stem a rout in the firm’s bonds, shares and funds.
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