BTG partners seek Esteves’s stake as arrest extended


Andre Esteves, CEO Brazilian BTG Pactual bank is pictured during an interview in Sao Paulo July 22, 2014. Brazilian investment bank BTG Pactual SA confirmed that Chief Executive Andre Esteves was arrested on November 25, 2015 and said it was available to cooperate with investigations. Picture taken July 22, 2014. REUTERS/Nacho Doce TPX IMAGES OF THE DAY

SAO PAULO: BTG Pactual’s partners are in talks to buy former chief executive officer Andre Esteves’s (pic) controlling stake in the bank after his arrest last week, said a person with knowledge of the matter.

Brazil’s Supreme Court extended the billionaire’s arrest on Sunday, his lawyer said.

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