BTG Pactual’s announcement that it will merge with, or rather buy, Chile’s Celfin created much media excitement. The prominent coverage from the financial daily media can be taken as yet further evidence of the interest in, and importance of, Latin America. But is this announcement really proof that the prophesized global BTG is coming into existence?
The deal, of course, makes sense for both parties. BTG gets access to a solid Chilean asset management business and one with potential for Andean growth.
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