Carrefour: launches IPO in Brazil.
(CercleFinance.com) - Carrefour has announced that on 28 June Atacadão, parent company of the Carrefour group's activities in Brazil, filed the preliminary prospectus for the listing of the Grupo Carrefour Brasil's shares on the São Paulo Stock Exchange.
The IPO will consist of a basic offer including a primary offer of 205,882,353 shares issued by Grupo Carrefour Brasil as part of a capital increase and a secondary offering of 91,261,489 shares transferred by Carrefour and Peninsula.
The flotation has an indicative price range of between 15 reals and 19 Reals per share, hence bringing the total basic offer to between 4.5 billion reals and 5.6 billion reals (1.2 billion to 1.5 billion euros).
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The IPO will consist of a basic offer including a primary offer of 205,882,353 shares issued by Grupo Carrefour Brasil as part of a capital increase and a secondary offering of 91,261,489 shares transferred by Carrefour and Peninsula.
The flotation has an indicative price range of between 15 reals and 19 Reals per share, hence bringing the total basic offer to between 4.5 billion reals and 5.6 billion reals (1.2 billion to 1.5 billion euros).
Copyright (c) 2017 CercleFinance.com. All rights reserved.