BB Seguridade IPO Back on

BB Seguridade IPO Back on

Brazil Equity

Books on Banco do Brasil’s carve-out of its insurance operations are already covered, according to people following the deal. The bank resumed the IPO of BB Seguridade on Wednesday, after regulators lifted a suspension on the deal. The bank plans to price the deal on April 25, two days later than originally planned. Investors who had already put in bids were allowed to pull their orders this week after the CVM suspended the sale targeting more than BRL9bn ($4.5bn), because of irregularities in t

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