Brazil's BTG Pactual has initiated arbitration against retailer Americanas -source

SAO PAULO, Jan 17 (Reuters) - Brazilian bank Banco BTG Pactual SA has initiated an arbitration in Sao Paulo against retailer Americanas SA for breaching its credit contract, one source with knowledge of the matter said on Tuesday.

The arbitration, at the Brasil-Canada Chamber of Commerce, alleges the payment of credit with investments held by the retailer at the bank was included in the loan contract. The bank also intends to file new appeals against the injunction protecting Americanas from creditors, the source added. (Reporting by Tatiana Bautzer Editing by Chris Reese)