Banco do Brasil
The secondary offering builds on a 10-year record high for equity deals in Brazil.
October 23, 2019 at 03:36 PM
1 minute read
Latin America Correspondent
Shearman & Sterling advised Brazilian bank Banco do Brasil on U.S. law in a $1.4 billion secondary share offering, while Cleary Gottlieb Steen & Hamilton represented the underwriters.
The government-controlled Banco do Brasil, the largest bank in Brazil by assets, and shareholder FI-FGTS sold 132 million common shares in a $1.4 billion offering that closed Tuesday. The bank has a Miami office.
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