Drugstore Returns to Equity Pipe

Drugstore Returns to Equity Pipe

Brazil Equity M&A

Brazil’s Droga Raia has filed for an IPO, which it had planned to do in 2007 before markets shut down. The drugstore chain has registered to sell primary and secondary shares but does not yet indicate the amount or timing. It has hired Itau as bookrunner and lead manager, alongside Credit Suisse and Banco do Brasil as bookrunners. Droga Raia had BRL52.7m of Ebitda in the first 9 months of 2010, up from BRL33.4m in the corresponding period of 2009, according to its prospectus. It also claims BRL5

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial