Tag: IPO
-
Warren Buffet ignores election turmoil and invests in Brazilian payments processing company’s IPO
There were no shortage of alerts from banks and managers about the risk of a billionaire IPO of a Brazilian company at the moment, in the midst of an electoral turmoil. But the payment company Stone decided to move on and, it seems, can do well. A group of heavyweight names, including billionaire American investor…
-
Petrobras to raise up to US$ 2.3 Billion in IPO of it’s distribution subsidiary
BR Distribuidora, distribution arm of Petrobras (PBR), started yesterday the process that should be the largest IPO since 2013 in Brazil. With the sale of a maximum of 33.75% of its stake in BR, the parent company Petrobras may raise up to R$ 7.5 billion (US$ 2.3 Bi), an important figure for its divestment plan.…
-
JBS Announces That Its Subsidiary JBS Foods Plans to Conduct a Registered IPO In the U.S.
JBS S.A. (“JBS” or the “Company”), in a further step towards advancing its planned reorganization, announces that its Board of Directors today unanimously approved the filing of a registration statement with the U.S. Securities and Exchange Commission (“SEC”) of its subsidiary JBS Foods International B.V. (which shall be converted into JBS Foods International N.V.) (“JBSFI”)…
-
Car rental company Movida can raise up to US$ 300 million with IPO
Car rental company Movida is expected to carry out an initial IPO that could reach between R$ 800 million and R$ 1 billion, according to preliminary estimates from people close to the deal.The funds raised with the transaction, which is still pending approval by the Brazilian Securities and Exchange Commission (CVM), will be pocketed by…
-
Petrobras Plans to Raise US$ 6 Billion with Sale of its Distributor, BR Distribuidora
The sale of a slice of BR Distribuidora or attracting a private partner for the company will be the first step in Petrobras’ (PBR) asset sale plan, necessary to reduce the company’s debt level. Last night, the company officially announced this intention. The plan is to try and complete the operation this semester. The state-controlled…
-
Pão de Açúcar and Casino Create a Giant Global E-Commerce Company: Cnova
Grupo Pão de Açúcar (aka Companhia Brasileira de Distribuição – CBD), Via Varejo (VVAR11:BR) and French group Casino Casino Guichard-Perrachon (OTC:CGUIF) (OTCPK:CGUSY) have announced a joint venture to create a giant new e-commerce company: Cnova. CBD and Via Varejo will own 53.5% of the new company, while the remaining 46.5% will belong to Grupo Casino. The French…