Brazilian broker XP acquires stake in asset manager Vista Capital

Industry: Other 2021-11-17

Brazilian broker XP Inc has acquired a minority stake in Vista Capital, an asset management firm with 4.5 billion reais under management in hedge and equity funds, XP said in a statement on Tuesday.

This deal marks XP’s ninth acquisition involving an asset manager since 2020, as it has been expanding its business beyond securities distribution.

Source: Reuters.com

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