BNY Mellon will serve as depository for BTG Pactual Global Depositary Units (GDUs). BTG Pactual GDUs are comprised of the Global Depositary Shares of Banco BTG Pactual, a Brazil-incorporated company, and the shares of BTG Pactual Participations, a Bermuda-incorporated company. BTG Pactual GDUs are listed on Alternext Amsterdam and trade under the symbol “BTGP.”
BNY Mellon also will act as custodian for the underlying shares of BTG Pactual Participations’ Brazilian Depositary Receipt program, comprised of units of BTG Pactual that trade on the BM&F Bovespa in Brazil under the symbol “BBTG11.”
BTG Pactual Group is an investment bank and asset and wealth manager with a franchise in Brazil as well as an international investment and distribution platform. The financial services firm has offices in South America, North America, Europe and Asia and serves clients including corporations, institutional investors, governments and high net worth individuals.
“We’ve worked closely with BTG Pactual to develop this innovative and truly first-of-its-kind GDU structure to support the company’s global capital raising activities,” said Michael Cole-Fontayn, CEO of BNY Mellon’s Depositary Receipts business.
(JDC)