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    BPAC3   BRBPACACNOR7

BANCO BTG PACTUAL S.A.

(BPAC3)
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Banco BTG Pactual S A : Brazil's Oi says court rules fiber unit to be sold to BTG funds

07/07/2021 | 09:48pm EDT
The logo of Brazilian telecoms company Oi SA is pictured inside a store in Sao Paulo

BRASILIA (Reuters) - Brazilian telecom Oi SA said on Wednesday it had received the go-ahead from a court to sell a majority stake in its fiber optic business to funds managed by Banco BTG Pactual.

Oi, which filed for bankruptcy protection in 2016 and has since been selling assets to pay creditors, said the court had determined there were no other bids on the table.

Oi in April accepted a 12.9 billion reais ($2.5 billion) offer for a 57.9% stake in its fiber optic business from BTG's funds. Other parties, however, still had the right to make bids although BTG's funds had the right to match any offer.

($1 = 5.23 reais)

(Reporting by Jamie McGeever; Editing by Edwina Gibbs)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BANCO BTG PACTUAL S.A. -2.15% 15.95 End-of-day quote.39.76%
OI S.A. -2.38% 1.64 End-of-day quote.-41.84%
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Financials
Sales 2021 13 557 M 2 566 M 2 566 M
Net income 2021 5 850 M 1 107 M 1 107 M
Net Debt 2021 - - -
P/E ratio 2021 10,3x
Yield 2021 2,55%
Capitalization 155 B 29 275 M 29 414 M
Capi. / Sales 2021 11,5x
Capi. / Sales 2022 9,97x
Nbr of Employees -
Free-Float 78,5%
Chart BANCO BTG PACTUAL S.A.
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Banco BTG Pactual S.A. Technical Analysis Chart | BPAC3 | BRBPACACNOR7 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 15,95 BRL
Average target price 29,00 BRL
Spread / Average Target 81,8%
EPS Revisions
Managers and Directors
Roberto Balls Sallouti Chief Executive Officer & Director
João Marcello Dantas Leite Chief Financial Officer
Nelson Azevedo Jobim Chairman
Cláudio Eugênio Stiller Galeazzi Independent Director
Eduardo Henrique de Mello Motta Loyo Independent Director
Sector and Competitors