Banco do Brasil sells $545.4 million in loans to BTG Pactual

SAO PAULO (Reuters) – Brazilian state-run lender Banco do Brasil SA said on Wednesday it has sold a 2.9 billion-real ($545.40 million) non-performing loan portfolio to BTG Pactual SA .

In a securities filing, BB said the transaction has an estimated impact of 371 million reais ($69.77 million) in its third-quarter earnings before taxes.

(Reporting by Carolina Mandl; Writing by Gabriela Mello; Editing by Sandra Maler)