Via Varejo prices shares at discount

Via Varejo prices shares at discount

Equity Capital Markets Brazil Latin America

Brazilian retailer Via Varejo said it agreed to sell BRL4.46 billion ($851 million) worth of shares on Monday as it priced a follow-on offering at BRL15.00 per share, below the closing price of BRL15.62. Via Varejo sold 297 million shares, including the full over-allotment option for 35% of the initial offer, and increased its total share capital to BRL5.13 billion, it said in a securities filing. Bradesco was the lead coordinator with BTG Pactual, BB Investimentos, Bank of America, Santander, B

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