BTG Deal to Buy Digimais Said to Get Insurance Fund Support

Banco BTG Pactual SA’s deal to buy Banco Digimais SA, a struggling Brazilian lender in need of capital, is getting support from the FGC, the nation’s deposit insurance fund, according to people familiar with the matter.

Digimais has as much as 9.1 billion reais ($1.8 billion) in demand and time deposits that might need to be covered by the FGC in case of liquidation, according to the bank’s 2025 financial statements. FGC is planning to extend maturities on the debt Digimais has with the fund in case it’s needed, the people said, asking not to be identified discussing private matters.