GIC Special Investments Pte. Ltd. agreed to acquire additional 11.9% stake in Rede D'Or São Luiz S.A. from BTG Pactual Participations Ltd. and Banco BTG Pactual S.A. for BRL 2.4 billion on December 2, 2015. The transaction is subject to approval by competition authorities.

Proceeds from the sale will be used by BTG Pactual to strengthen its balance sheet.