Banco do Brasil sells $545.4 million in loans to BTG Pactual

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© Reuters.  © Reuters.

SAO PAULO (Reuters) – Brazilian state-run lender Banco do Brasil SA (SA:) said on Wednesday it has sold a 2.9 billion-real ($ 545.40 million) non-performing loan portfolio to BTG Pactual SA (SA:).

In a securities filing, BB said the transaction has an estimated impact of 371 million reais ($ 69.77 million) in its third-quarter earnings before taxes.

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