Brazil Yields to Slide as Rates Overestimated, Pimco, BofA Say
28 de janeiro de 2010PEC retira do presidente prerrogativa de escolha de ministro do STF
1 de fevereiro de 2010Banco do Brasil SA, Latin America’s biggest bank by assets, said it is evaluating a plan to raise up to 10 billion reais ($5.4 billion) from a share offer.
The bank said Thursday that it is studying the possibility of both primary and secondary share offers. In the case of a secondary offer, the National Treasury and the government-controlled BNDESPar holding company would sell stakes.
The bank didn’t unveil a timetable for the operation nor the number of shares to be offered.
Banco do Brasil shares trade under the Novo Mercado mechanism on the Brazilian Stock Exchange, which requires that a company have a minimum free float of 25%. The bank’s free float is now at 21.71% and it has until July 2011 to reach the minimum level.
At the end of last year, the bank listed its American depositary receipts, which are traded on the over-the-counter market.
