November 28, 2018 |
Brazil's Notre Dame Intermédica said it has opened a restricted offering for 87m common shares, split between 12m new shares and at least 75m shares from its controlling shareholder Bain Capital.
Intermédica could earn BRL2.25bn ($580m) from the sale, after its shares rose 2.42% to close at BRL25.84 on November 27. Bain Capital could increase the size of the secondary offering by 35% to meet strong investor demand, Intermédica said in a securities filing.
The share sale is open to no more than 7
Bain Capital looks to earn at least $500m by offloading 75m shares in the Brazilian healthcare provider