Via Varejo Targets BRL3bn-plus

Via Varejo Targets BRL3bn-plus

Brazil Equity

Via Varejo has launched its equity follow-on, aiming to raise more than BRL3bn ($1.3bn) before the final issuance widow of 2013 closes. The Brazilian retailer plans to set a price December 12 for the all-secondary sale representing the debut offering of units consisting of one of the retailer’s already trading common shares and two of its preferred shares. The operator of retail operations including the Casas Bahia and Ponto Frio chains is offering 123.7m secondary units, assuming a 15% greensho

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