Brazil’s Lojas Americanas raises 7.87 billion reais in share offering

Industry:    2020-07-15

Brazilian retailer Lojas Americanas raised 7.87 billion reais ($1.47 billion) in a primary share offering, aiming at capitalizing its subsidiary B2W Companhia Digital and expanding its business, two sources said.

Lojas Americanas priced preferred shares at 34.5 reais each and common shares at 29.78 reais, the sources added, a 0.4% discount from closing prices.

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