BTG Holds Talks to Sell Stake in Recovery, Non-Performing Loans

  • Stake and loan book represent about 0.2% of bank's assets
  • BTG is selling assets to boost liquidity after Esteves arrest

Grupo BTG Pactual SA, the Brazilian investment bank fighting to boost liquidity after the arrest of its billionaire founder, is negotiating the sale of a stake in distressed-asset-management firm Recovery do Brasil Consultoria SA and a portfolio of non-performing loans.

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