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| Name | Symbol | Market | Type |
|---|---|---|---|
| Minerva SA (PK) | USOTC:MRVSY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 3.76 | 5.45 | 4.25 | 4.25 | 4.25 | 20,000 | 21:01:32 |
From Feb 2020 to Feb 2025
SAO PAULO--Brazilian beef producer Minerva S/A (BEEF3.BR, MRVSY) plans to sell 37.5 million shares via a global offering, in an operation that could amount to 413 million Brazilian reais ($204.6 million), the company said over the weekend in a statement.
Minerva said that the shares sale will be partly via a primary offer and partly via the sale of shares of its existing shareholders.
The company hired BTG Pactual, Credit Suisse Group AG (CS, CSGN.VX), HSBC Holdings PLC (HBC, HSBA.LN, 0005.HK) and Morgan Stanley (MS) to coordinate the operation. It did not unveil a timetable for the shares offer.
Minerva said that it plans to use the proceeds to reinforce its capital structure and to finance its investment plans.
Recently, Minerva's shares were down 6.3% at BRL11.05, while the main local stock market index, the Ibovespa, was down 0.18%.
Write to Rogerio Jelmayer at rogerio.jelmayer@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Minerva (PK) Chart |
1 Month Minerva (PK) Chart |
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