Rio Grande do Sul studies Banrisul share sale

Rio Grande do Sul studies Banrisul share sale

Equity Capital Markets Economy & Policy Brazil

The Rio Grande do Sul state government said it is interested in selling shares in Banrisul without losing control of the state-owned lender. The state government added that it has retained Banrisul itself to study a possible follow-on offering on the B3 stock market in São Paulo. Shares in Banrisul dropped 2.41% to close at BRL23.52 ($6.08) after the announcement on Wednesday. The state government earned BRL537m from two follow-on offerings in Banrisul in April last year. After Gov. Eduardo L

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