Esteves details his plans for Pactual

Brazilian billionaire Andre Esteves has bought back much more than he sold just three years ago. His BTG-Pactual combination makes him one of the key players in Latin America’s largest market, and leaves UBS nowhere. Esteves outlines his ambitions to Chloe Hayward.

Brazilian billionaire and entrepreneur Andre Esteves
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DESPITE LITTLE SLEEP after a weekend finalizing his biggest acquisition to date, Brazilian billionaire and entrepreneur Andre Esteves feels he has just hit the jackpot. “I’m very, very excited,” he says, laughing.

On April 20, Esteves announced that he had bought back Banco Pactual, a leading Brazilian investment bank, from Swiss bank UBS for $2.5 billion, three years after selling it.

The sale to UBS in May 2006 – for potentially up to $2.6

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