Brazil · Business

Key Facts

—New stake BTG Pactual and its subsidiaries now hold about 10.96 million Méliuz ordinary shares, equal to 10.51% of the company’s stock.

—A clear increase the position rose from 6,987,120 shares, or roughly 6.71%, disclosed earlier.

—Purely financial BTG says the move is for financial operations only, with no plan to influence control or management.