January 18, 2019 |
Brazil's Localiza said it has hired advisors to help evaluate a follow-on equity offering on the B3 stock exchange in São Paulo.
The car rental company, however, has not settled on the terms of a possible share sale or received approval from the board of directors, Localiza said in a securities filing.
Shares in Localiza rose 6.27% to BRL30.86 ($8.23) after the announcement. Analysts from Bradesco BBI raised the target price for Localiza's shares to BRL36, citing the possibility of a capital inc
Brazilian car rental company says it has hired advisors to evaluate the sale of more shares on the B3 stock exchange