BTG raises US$1.3 billion with BSI sale

Skadden, Arps, Slate, Meagher & Flom LLP’s New York, Boston and London offices and Swiss law firm Lenz & Staehelin have helped Brazilian investment bank BTG Pactual sell private banking arm BSI, as the Brazilian bank continues to shed assets following its former CEO’s engulfment in Brazil’s biggest corruption probe and amid rumours it could delist from the São Paulo stock exchange.

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