Banco BTG Pactual S.A. (BOVESPA:BPAC11) agreed to acquire FIS Privatbank S.A from Alexander Schütz for €21.3 million on March 23, 2023. The transaction is subject to certain precedent conditions examination, including regulatory approval. BTG Pactual, Alexander Schütz and FIS Privatbank are working with the regulators to achieve regulatory approval for closing the transaction in the next months.