UPDATE 1-BTG Pactual moving closer to spinoff of commodities arm -source

SAO PAULO, April 8 (Reuters) – Grupo BTG Pactual SA is moving closer to spinning off a fast-growing commodities sales and trading unit, allowing the Brazilian investment bank to free up capital in the wake of a recent balance sheet downsizing, a source familiar with the plan said on Friday.

UPDATE 1-BTG Pactual moving closer to spinoff of commodities arm -source

SAO PAULO, April 8 (Reuters) – Grupo BTG Pactual SA is moving closer to spinning off a fast-growing commodities sales and trading unit, allowing the Brazilian investment bank to free up capital in the wake of a recent balance sheet downsizing, a source familiar with the plan said on Friday.