BTG Pactual Said to Plan Sale of Swiss Private Bank BSI

Updated on
  • Brazil firm acquired BSI from Assicurazioni in September
  • BTG is divesting `non-essential' assets, chairman says

Grupo BTG Pactual SA, the Brazilian bank trying to shore up cash after the arrest of its billionaire founder, is seeking to sell BSI, the Swiss private-banking unit it acquired three months ago, according to a person with knowledge of the situation.

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