Brazil’s IRB offers $295m stock offering – report


According to the report, the company is expected to announce the capital increase on Monday and aims to raise between 1 billion rais and 1.5 billion rais a ral per share, representing a discount of 56.7% from the closing price. from Friday of 2.31 rais.

In July, Genial Investimentos analysts issued an alert on IRB’s capital adequacy.

IRB did not immediately respond to a request for comment.

($1 = 5.0719 reais)



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