Caixa Seguridade’s Share Offering Raises $216 Million in Brazil

Caixa Seguridade’s secondary share offering was priced at 14.75 reais per share, raising $216 million, as reported by Valor Economico. It was executed by Caixa Economica Federal, the company’s controlling shareholder.

A recent secondary share offering for Caixa Seguridade, a Brazilian insurance company, was priced at 14.75 reais ($2.61) per share. This transaction successfully raised approximately 1.22 billion reais, equivalent to $216 million, according to reports from the local newspaper, Valor Economico. The offering was executed by Caixa Economica Federal, the controlling shareholder of Caixa Seguridade. Notably, the current exchange rate stands at $1 equal to 5.6490 reais.

In summary, the secondary share offering of Caixa Seguridade amounted to 1.22 billion reais, or $216 million, confirming strong investor interest in the Brazilian insurance market. Priced at 14.75 reais per share, the deal highlights the significant involvement of Caixa Economica Federal as the controlling shareholder.

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