Brazil's Banco Master awaits M&A proposal from BTG Pactual, sources say

Brazilian lender Banco Master is advancing in talks with investment bank BTG Pactual to sell assets left over after a deal in which state-controlled bank BRB acquired most of its capital, according to two people familiar with the matter. One of the sources, who requested anonymity because talks were confidential, said regardless of that outcome, Master is pursuing parallel discussions to secure international funding for its operations. Master declined to comment.