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International

French insurer offers $395 m to buy BTG Pactual's stake in Brazilian insurer: Sources

January 13, 2016 Reprints

Sources have said that French insurer CNP Assurances is in talks with Brazil-based investment banking firm Grupo BTG Pactual to acquire the latter's 51% stake in Brazilian insurer Pan Seguros S.A., reports Reuters.

CNP Assurances has offered to pay 1.6 billion Brazilian reals ($395 million) for the stake, said one of the sources.

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French insurer offers $395 m to buy BTG Pactual's stake in Brazilian insurer: Sources

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