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BB Insurance IPO Aims above $4bn

Apr 4, 2013

Banco do Brasil is targeting a raise of more than BRL9.0bn ($4.5bn) through the carve-out IPO of its BB Seguridade insurance unit, and has scheduled pricing for April 23. The bank is selling 500m secondary shares at BRL15.00-BRL18.00 each,...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management