Brazil’s Banco Pan confirms hiring banks for share offering- filing

SAO PAULO, Aug 13 (Reuters) – Brazil’s Banco Pan SA confirmed on a securities filing late on Tuesday the bank has hired the investment banking units of Banco BTG Pactual, Caixa Economica Federal, Banco Santander Brasil and Morgan Stanley to manage a potential share offering.

In the filing, the bank said there is no formal approval of the offering nor a decision on its terms. Reuters had reported earlier on Tuesday the hiring of the banks. (Reporting by Tatiana Bautzer; Editing by Sandra Maler)

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