The Board of Directors of Banco BTG Pactual (BPAC11) approved, at a meeting held on November 11, 2026, a share buyback program of up to R$ 2 billion. The goal is to efficiently deploy the cash available, in order to maximize the company's capital allocation.

The BPAC11 Units (certificates that bundle common and preferred shares) acquired under the program will be held in treasury. Purchases must comply with the limits set by the regulations of the CVM (Brazilian Securities and Exchange Commission).

The program will run for up to 18 months, and it will be up to the Executive Board to determine the best time to acquire the shares. Transactions will be carried out through BTG Pactual Corretora de Títulos e Valores Mobiliários S.A.

BTG Pactual said it will keep regulators and the market informed about the progress of the program.

Source: Material Fact, filed with the CVM on 11/12/2026 06:00. View original document

For information only; not investment advice.

Is BPAC11 worth investing in?

BPAC11Banco BTG Pactual · B3
Price
R$ 55.95
as of 11/11/2026
Dividend yield
2.54 %
P/L
11.79
P/VPA
2.62
View full analysis of BPAC11