August 22, 2019 |
Brazil's B2W said it plans to raise BRL2.5bn ($621m) from the sale of new shares in its fourth capital increase since 2014.
The e-commerce company will sell 64.1m common shares for BRL39.00 each, a 9.43% discount on the average share price from August 9 to August 19, it said in a statement. Shares in B2W rose 1.03% to close at BRL44.00 on Wednesday.
After the share sale, B2W said it will have BRL8.25bn in capital divided into 522m common shares.
Lojas Americanas, which owns 61.5% of B2W, will
Brazilian e-commerce company aims to raise $621m to fund digital investments