Jan 30 (Reuters) - BTG Pactual, Brazil's largestindependent investment bank, said on Wednesday it would payabout 418 million reais (US$210 million) to privately owneddeposit guarantee fund FGC to acquire Banco Bamerindus doBrasil.
Earlier this month, Brazilian magazine Exame reported thatBTG Pactual, controlled by billionaire financier André Esteves,was looking to acquire the shuttered bank to take advantage ofits tax credits.
Financial difficulties at Bamerindus starting in 1995 ledHSBC to buy part of the bank's debts and assets amid anintervention by the central bank, which ordered a shakeup of itsmanagement and a cleanup of its balance sheets.
BTG said the acquisition, which is pending regulatoryapproval, will give it a 98 percent stake in what is left ofBanco Bamerindus.
HSBC Holdings (HSBA)