BTG Pactual, through its retail banking unit Banco PanAmericano, signed a non-binding agreement to acquire Brazilian Finance & Real Estate (BFRE), which specializes in property and real estate securitization.

According to a Reuters report, BTG has agreed to pay up to 1.21 billion reais ($638.72 million) for the firm.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.