Banco do Brasil (BB) disclosed yesterday, July 1, that it had sold a credit portfolio to a Credit Rights Investment Fund managed by BTG Pactual. The portfolio’s book value totaled R$ 2.9 billion.

Loeser, Blanchet e Hadad Advogados, as BB’s legal advisor, congratulates the bank for this operation, a ground-breaking example of a business model developed from the bank’s strategy to promote ever more dynamic credit portfolio management.

LBH congratulates its partners and associates Richard Blanchet, Eduardo Depassier, Juliana Marteli, Daniel Varga and the other professionals involved in providing advisory service expertise to BB.