August 7, 2020 |
Brazilian retail group Companhia Sulamericana de Distribuição (CSD) registered for an initial public offering (IPO) on Wednesday, saying it will use the proceeds to open new stores and invest in digital technology.
CSD, which operates 56 supermarkets and wholesalers under the brands Cidade Canção, São Francisco, Amigão and Stock Atacadista, will list its shares on the Novo Mercado segment of the B3 stock exchange in São Paulo, the company said in a preliminary prospectus.
Itaú BBA, JPMorgan and
Brazilian retail group looks to raise funds to open new stores, invest in IT and offer consumer credit