Magalu shapes share sale to finance aquisitions

Magalu shapes share sale to finance aquisitions

Equity Debenture Capital Markets M&A Commerce Retail shopping Brazil

Brazilian retailer Magazine Luiza has set up a follow-on equity offering for as much as BRL4.59 billion ($897 million) to finance its expansion plans, including "strategic acquisitions," according to a securities filing on Thursday. Itaú BBA will lead the offering with BTG Pactual, Bank of America, JPMorgan, Bradesco BBI, Goldman Sachs, Morgan Stanley, Santander, UBS BB and XP Investimentos as the other bookrunners. Magalu, as the company is known, said it expects to raise at least BRL3.44 billi

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