UPDATE 2-BTG Pactual to spin off commodities arm ? source
 

UPDATE 2-BTG Pactual to spin off commodities arm ? source
SAO PAULO, April 8 (Reuters) - Grupo BTG Pactual SA is moving closer to spinning off a fast-growing commodities sales and trading unit, allowing the Brazilian investment bank to free up capital in the wake of a recent balance sheet downsizing, a source familiar with the plan said on Friday.
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