RIO DE JANEIRO, BRAZIL - BTG-controlled Banco Pan will merge with Mosaico technology company, owner of the Zoom, Bondfaro and Buscapé brands.The deal marks the latest development of the Brazilian investment bank bolstering its marketplace area, a trend which has Inter bank as its main example and which has consolidated in recent months.
Meanwhile, technology companies have been penalized in the stock market in recent weeks, as the SELIC interest rate increase has adversely affected high-growth companies.
The swap ratio will be of 0.8 Pan shares for each Mosaico share. In addition, there will be warrants issued . . .
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