Centauro owner offers shares to fund acquisitions

Centauro owner offers shares to fund acquisitions

Equity M&A Capital Markets Brazil US

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,

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