Brazilian entrepreneur Silvio Santos has hit an impasse over price in talks to sell his controlling stake in troubled Banco PanAmericano (BPNM4.SA) to securities firm BTG Pactual, local media reports said on Monday. Neither Santos, who owns about 37 percent of PanAmericano's capital, nor the privately held deposit insurance fund known as FGC is satisfied with the price offered by BTG for the lender, newspapers Valor Economico and O Estado de S.Paulo reported. A formal announcement was expected on Sunday, a source told Reuters on Saturday. [ID:nN29116028] The central bank wants Santos out of PanAmericano's controlling bloc and demanded a quick resolution to the impasse, Valor reported, without saying how it got the information.
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