Brazil's Lojas Americanas and JHSF approve follow-on offerings

Brazil's Lojas Americanas and JHSF approve follow-on offerings

Capital Markets Equity Brazil Latin America

Brazilian retailer Lojas Americanas and real estate holding company JHSF said on Monday they will make follow-on equity offerings worth up to BRL7.3 billion ($1.36 billion) and BRL404 million respectively and both plan to earmark part of the proceeds for investments in their digital platforms. Lojas Americanas said in a securities filing its board approved the sale of 80 million common shares and 100 million preferential shares to fund technology, logistics and distribution investments in paymen

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