Unidas plots share sale

Unidas plots share sale

Equity Capital Markets Brazil

Brazil's Unidas could move BRL1.77 billion ($428 million) in an upcoming share sale, based on the car rental company's closing share price on Monday.The follow-on offering consists of 93.8 million shares, split between 61 million news shares from Unidas and 32.8 million from the asset management firm Principal Investimentos, according to a securities filing.Principal stands to earn BRL621 million from the deal, money it will use to pay off loans from Banco BPI, Banco Comercial Português, Novo Ba

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