Caixa Seguridade’s Secondary Share Offering Raises $216 Million

Caixa Seguridade has successfully raised $216 million through a secondary share offering priced at 14.75 reais per share, according to local media. The offering was conducted by its controlling shareholder, Caixa Economica Federal.

A recent secondary share offering for Caixa Seguridade, a prominent Brazilian insurance company, was successfully executed, raising 1.22 billion reais, equivalent to approximately $216 million. The shares were priced at 14.75 reais, or $2.61 each. Notably, the controlling shareholder behind this offering was Caixa Economica Federal, reinforcing its commitment to the financial sector in Brazil.

In summary, Caixa Seguridade’s recent share offering highlights the company’s robust positioning in the Brazilian insurance market, securing significant financial backing through its price per share of 14.75 reais. This successful capital influx, totaling $216 million, solidifies support from its controlling shareholder, Caixa Economica Federal.

Original Source: www.tradingview.com