CORPORATEBrazil
BTG Pactual becomes majority shareholder of Nubank Parque in a deal with WTorre and takes over stadium management through 2044
BTG Pactual became the majority shareholder of Nubank Parque, the Palmeiras stadium formerly called Allianz Parque, through a deal with WTorre, which keeps a relevant stake. The bank takes over arena management through 2044, the value was not disclosed and the deal depends on Cade. Enforce, BTG's credit recovery arm, had bought about R$ 650 million of WTorre debt in 2024, according to Bloomberg Línea and Correio Braziliense.