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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Banco do Brasil’s large offer seen sailing through

Posted on 29 June 2010

From Reuters: Banco do Brasil will likely raise up to 10.9 billion reais ($6.13 billion) in a share offering this week. Brazil’s sovereign wealth fund agreed to buy 62.5 million shares in the Banco do Brasil offering, a stake valued at $1.7 billion reais at Friday’s closing price.
Banco do Brasil’s primary and secondary offering could be the largest in Brazil since Banco Santander Brasil raised 14.1 billion reais in October……………………………………….Full Article: Source

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