May 14, 2013
Members of the Klein family plan to sell 53.78m shares of Brazilian retaile
Members of the Klein family plan to sell 53.78m shares of Brazilian retailer Via Varejo in a public offering, Via Varejo says. The transaction would raise BRL1.35bn ($669m) at Monday’s BRL25.00 closing price, and represents about 16% of the company. Bradesco has been hired to manage, with another bank remaining to be selected. The Kleins own 47% of Via Varejo, which runs the Casas Bahia and Ponto Frio stores.