May 27, 2020 |
Grupo SBF, owner of the Brazilian sporting goods store Centauro, could raise as much as BRL954 million ($178 million) from a share sale announced on Tuesday, based on the closing share price for the day.
SBF said in a securities filing that it plans to sell at least 25 million shares to finance recent acquisitions, adding that it could increase the size of the offering by 35%, or 8.75 million shares, and make a simultaneous placement in the US market.
The offering could be worth BRL707 million,
SBF hires Bradesco to lead a deal that could raise more than $175 mln