Brazilian Billionaire Banker Andre Esteves Fined Ahead Of IPO

Italy's stock market regulator fined André Santos Esteves for alleged insider trading, just days before the Brazilian billionaire is to launch a high-profile initial public offering of his investment bank, Banco BTG Pactual.

Italy's stock market regulator fined André Santos Esteves for alleged insider trading, just days before the Brazilian billionaire is to launch a high-profile initial public offering of his investment bank, Banco BTG Pactual.

Brazil's top investment bank Banco BTG Pactual on Thursday announced a tie-up with Roger Agnelli, former head of mining giant Vale, to invest up to $520 million in Latin America and Africa.BTG said the alliance between billionaire Andre Esteves's BTG Pactual and Agnelli's investment company AGN will explore "investment opportunities in the mining sector with a focus on Brazil, Latin America and Africa."The 50/50 partnership aims to field investments of up to $520 million (427 million euros).

Brazil's leading investment bank Banco BTG Pactual on Thursday launched a $1 billion Africa investment fund, the biggest in the world, with capital collected in the country."It will be the biggest fund in Brazil with a special focus on the African continent," BTG Pactual president Andre Esteves said at a seminar here on investment opportunities in Africa sponsored by the Brazilian Development Bank (BNDES)."The creation of this 'private equity' is a demonstration of the enormous confidence and affinity Brazil has with this region of the world."

Brazilian billionaire Andre Esteves BTG Investment Firm Launches $1B Private Equity Africa Fund, making this the largest existing Africa-focused investment fund.

SAO PAULO (Reuters) - BSG Resources, a mining company operating in Guinea with Brazil's Vale , may sue investment bank BTG Pactual over the latter's role as an adviser to the West African country's government, O Estado de S. Paulo newspaper reported on Sunday. According to the paper, BSG Resources Chief Executive Asher Avidan is in Brazil looking for legal advisers, with a view to filing a lawsuit against BTG Pactual and partner AGN Participações. BTG Pactual and AGN created holding company B&A Participações to invest in mining projects globally. ...

The Superior Court of Justice has dismissed an appeal by Andrew Rankin of a settlement he made with the Ontario Securities Commission in a high-profile insider tipping and trading case. In a majority decision, the court ruled last Friday that the OSC decision concerning the former investment banker at RBC Dominion Securities Inc. was “reasonable.”

Rapidly growing investment bank will be valued at up to $15bn and stake of controlling shareholder André Esteves will be worth up to $5bn