Tag Archives: Source

UPDATE 1-BTG Pactual to sell Brazil hospital stake to GIC, source says

(Recasts with agreement to sell stake to GIC)

By Tatiana Bautzer and Guillermo Parra-Bernal

SAO PAULO Nov 29 Grupo BTG Pactual SA has agreed to sell its 12 % stake in Rede D’Or São Luiz SA, Brazil’s biggest hospital chain, to Singapore’s sovereign wealth fund GIC Pte Ltd for virtually two.five billion reais ($ 633 million), a supply directly involved in the deal mentioned on Sunday.

An announcement could take spot early on Monday, mentioned the source, who requested anonymity in order to speak freely about the deal.

Executives at the São Paulo-primarily based bank had been negotiating exiting Rede D’Or because August, despite the fact that the arrest last week of BTG Pactual’s chairman, André Esteves, sped up talks, two other sources said.

Esteves was arrested as component of “Operation Auto Wash,” a probe into links in between ruling coalition politicians and firm executives who allegedly traded contracts at state firms for bribes and campaign donations.

He was detained on suspicion of obstructing a bribery investigation centered on Brazil’s state-controlled oil and gas company Petrobras, an allegation his lawyer, Antonio Carlos de Almeida Castro, has denied.

GIC paid 3.3 billion reais for a 16 percent stake of Rede D’Or in May possibly. The other partners in Rede D’Or are Brazil’s Moll family, which founded Rede D’Or in 1977, and Carlyle Group LP.

Carlyle purchased a four % stake in Rede D’Or from BTG in April, as properly as a 4 % stake from the Moll family. BTG had been discussing because August a divestment of an additional four % in Rede D’Or with Carlyle, the two sources stated.

According to one particular of these two sources, the Molls showed no interest in increasing their stake, and GIC not too long ago emerged as the preferred candidate.

BTG Pactual declined comment, as did representatives for Carlyle and GIC. Media officials for the billionaire Moll loved ones could not be reached for comment.

The Molls and BTG Pactual became partners at the finish of 2010.

Bloomberg News reported on Sunday, citing a person with expertise of the matter, that partners at BTG Pactual are in talks to acquire Esteves’ 28.eight % controlling stake in the bank right after his arrest.

($ 1 = 3.8446 Brazilian reais) (Editing by Leslie Adler)

Agen Sabung Ayam – Turkey’s Function as Migrant Gateway Is Source of New Urgency for E.U.

Agen Sabung Ayam

Photo

Eight Moroccan guys who raised suspicions when entering Turkey were detained this week. Credit Istanbul Police Department, by way of European Pressphoto Agency

BERLIN — The Turkish border police detained eight Moroccans in Istanbul this week soon after becoming suspicious that they have been Islamic radicals who planned to infiltrate Europe by joining the migrant stream.

The hotel exactly where the men mentioned they had booked rooms for a trip denied having a reservation, and the guys were carrying charts and papers seeming to show that they did not plan to keep in Turkey, but would as an alternative follow the now well-worn migrant path west and north.

Turkey says it has detained about 1,000 suspected Islamic State extremists this year, but the eight men from Casablanca, reported Wednesday by the semi-official news agency Anadolu, had been the initial known to be flagged for attempting to embed as refugees. Turkish authorities stated some of the males had been deported and some remained in custody.

The episode highlights Turkey’s function as the gateway for refugees marching to Europe, and added new urgency to a discussion that has been continuing for weeks, as European leaders seek Turkey’s cooperation in stemming the migrants’ flow. Those talks, though, have stalled amid mutual distrust, as nicely as Turkey’s insistence on making use of the crisis to receive anything it has long wanted: visa-cost-free travel for its citizens to Europe.

Continue reading the major story

The Islamic State emerged from a group of militants in Iraq to take over massive portions of Iraq and Syria, and now threatens other nations in Europe and elsewhere.

Throughout the 4 years of Syria’s civil war, Turkey, a member of NATO, has been accused by the West of not policing its southern border with Syria, permitting jihadists and weapons to very easily enter Syria. It was only more than the last year that Turkey awoke to the dangers of the Islamic State and became prepared to crack down a lot more forcefully at the Syrian border.

Now, in the aftermath of the Paris attacks and the revelation that the French police had discovered a Syrian passport at a single attack site that was used by a man who had passed from Turkey to