# Singapore in talks to buy 16% of Brazil’s BTG bank, Exame says

> Singapore's sovereign wealth fund GIC is reportedly in talks to buy a 16% stake in Banco BTG Pactual for US$2.4 billion, according to Exame. The fund declined to comment and BTG was not available for comment.

- Date: 2026-11-02 · published 2026-11-02T06:09:03.974Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/74927-singapore-in-talks-to-buy-16-of-brazil-s-btg-bank-exame-says
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

The deal is a financial investment in a Brazilian bank with no direct link to grain, oilseed or feed supply or prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-10-16 | [Pressure to devalue Brazil real to ease in 2022, cenbank official says](https://feedsoft.ai/events/44782-pressure-to-devalue-brazil-real-to-ease-in-2022-cenbank-official-says.md) | +5.1% | +0.2% |
| USDBRL | 2019-08-01 | [Brazil's Larger-Than-Expected Rate Cut Is a Sign of More to Come](https://feedsoft.ai/events/10779-brazil-s-larger-than-expected-rate-cut-is-a-sign-of-more-to-come.md) | +6.1% | +10.6% |
| USDBRL | 2020-06-01 | [Brazil cannot rely on foreign funding in short term, says central bank chief](https://feedsoft.ai/events/7614-brazil-cannot-rely-on-foreign-funding-in-short-term-says-central-bank-chief.md) | -8.7% | +0.8% |
| USDBRL | 2026-06-11 | [Local factors weigh more heavily on Brazil’s currency in 2026, BTG says](https://feedsoft.ai/events/12075-local-factors-weigh-more-heavily-on-brazil-s-currency-in-2026-btg-says.md) | -2.2% | -1.4% |
| USDBRL | 2023-11-17 | [Brazil cenbank chief says external scenario has not affected FX, balance of risks](https://feedsoft.ai/events/33374-brazil-cenbank-chief-says-external-scenario-has-not-affected-fx-balance-of-risks.md) | +0.4% | +1.2% |

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/article/singapore-talks-buy-16-brazil%E2%80%99s-btg-bank-exame-says

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.