SAO PAULO, Nov 25 (Reuters) - Brazilian investment firm Patria PAX.O said on Wednesday it agreed to purchase a 51% stake in Solis, a local firm focused on credit rights investment funds.
Financial terms were not disclosed.
The deal marks Patria's entry into the segment.
Under the deal, Patria will have the right to buy the remaining stake in Solis in three years.
Solis expects to end this year with 29 billion reais ($5.39 billion) in assets under management, up from 20 billion reais last year.
($1 = 5.3810 reais)
(Reporting by Alberto Alerigi Jr.; Writing by Andre Romani; Editing by Gabriel Araujo)
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