Tag Archives: Changes in Equity Capital

Brazilian hospital operator care files for IPO | Instant News


SAO PAULO, March 31 (Reuters) – Brazilian hospital chain Care has submitted an initial public offering of around 790.5 million reais ($ 139.42 million), amid a boom in deals in Brazil’s health care sector, according to a securities filing on Wednesday.

The Treatment Plan for the IPO follows a series of stock offerings by the hospital operator. Rede D’Or successfully completed an IPO of 11.4 billion reais in December and rivals such as Kora Saude Participacoes and Dasa are expected to complete a share offering in the coming weeks.

Rising demand for services and an aging population have sparked a deal in Brazil’s health care sector, Reuters previously reported.

Hospital Care and its shareholders plan to sell at least 31 million shares of between 22.50 reais and 28.50 reais. If the entire stake is sold, the bid can increase by 35%. Prices will be set on April 20.

The hospital operator owns, among its shareholders, Brazilian private equity firm Crescera and Elie Horn, founder of Cyrela homebuilder.

It operates 11 hospitals, with 1,206 beds, and also sells healthcare packages, in a similar business model to Hapvida and Notre Dame Intermedica.

Itau BBA, BTG Pactual, Bank of America, XP, Safra and UBS BB will manage the offering. ($ 1 = 5,6700 reais) (Reporting by Aluisio Alves, written by Carolina Mandl; editing by Diane Craft)

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Exclusive: Shell, Cosan JV Raizen taps into a bank for mega-IPO in Brazil – source | Instant News


SAO PAULO (Reuters) – Brazilian energy company Raizen, a joint venture between Cosan SA and Royal Dutch Shell PLC, has selected four investment banks to manage its initial public offering, expected to be one of the largest this year, raising up to 13 billion. reais ($ 2.25 billion), four people with knowledge of the matter said Monday.

Raizen has selected Banco BTG Pactual SA, Bank of America, Citi and Credit Suisse AG to be the lead banks in the transaction, and is expected to add more syndicates this week, sources added, requesting anonymity to reveal private talks.

Raizen, Citi and Credit Suisse declined to comment on the matter. BTG and BofA did not immediately respond to requests for comment from Reuters.

Raizen, the world’s largest sugar maker, also controls a large fuel distribution network and is Brazil’s fourth largest company by revenue, behind state-controlled oil producer Petroleo Brasileiro SA, known as Petrobras, iron ore miner Vale SA, and packer. JBS SA meat.

Raizen is expected to be listed on Brazil’s B3 stock exchange, said one of the sources, and aims to complete the transaction in June or July.

Cosan, an energy group, disclosed earlier this month that its joint venture with Shell was being put up for listing before the flotation plans of two other companies it controls to raise capital and financial growth.

The joint venture recently acquired Biosev SA, another sugar and ethanol company, from Louis Dreyfus in a cash and stock deal.

As part of the deal, Biosev shareholders will receive 3.5% of Raizen preferred stock, plus 1.49% redeemable share.

One source said Raizen may be worth up to 100 billion reais ($ 17.3 billion).

Raizen is one of the competitors of the Petrobras refinery for sale. They made a bid for the REPAR refinery, in the southern state of Parana, but the process was canceled and Petrobras was expected to relaunch it.

Reporting by Tatiana Bautzer and Carolina Mandl, in Sao Paulo; Edited by Marguerita Choy

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Exclusive: Shell, Cosan JV Raizen taps into a bank for mega-IPO in Brazil – source | Instant News


SAO PAULO (Reuters) – Brazilian energy company Raizen, a joint venture between Cosan SA and Royal Dutch Shell PLC, has selected four investment banks to manage its initial public offering, expected to be one of the largest this year, raising up to 13 billion. reais ($ 2.25 billion), four people with knowledge of the matter said Monday.

Raizen has selected Banco BTG Pactual SA, Bank of America, Citi and Credit Suisse AG to be the lead banks in the transaction, and is expected to add more syndicates this week, sources added, requesting anonymity to reveal private talks.

Raizen, Citi and Credit Suisse declined to comment on the matter. BTG and BofA did not immediately respond to requests for comment from Reuters.

Raizen, the world’s largest sugar maker, also controls a large fuel distribution network and is Brazil’s fourth largest company by revenue, behind state-controlled oil producer Petroleo Brasileiro SA, known as Petrobras, iron ore miner Vale SA, and packer. JBS SA meat.

Raizen is expected to be listed on Brazil’s B3 stock exchange, said one of the sources, and aims to complete the transaction in June or July.

Cosan, an energy group, disclosed earlier this month that its joint venture with Shell was being put up for listing before the flotation plans of two other companies it controls to raise capital and financial growth.

The joint venture recently acquired Biosev SA, another sugar and ethanol company, from Louis Dreyfus in a cash and stock deal.

As part of the deal, Biosev shareholders will receive 3.5% of Raizen preferred stock, plus 1.49% redeemable share.

One source said Raizen may be worth up to 100 billion reais ($ 17.3 billion).

Raizen is one of the competitors of the Petrobras refinery for sale. They made a bid for the REPAR refinery, in the southern state of Parana, but the process was canceled and Petrobras was expected to relaunch it.

Reporting by Tatiana Bautzer and Carolina Mandl, in Sao Paulo; Edited by Marguerita Choy

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AMP Australia said Ares wanted to buy a 100% private market business unit | Instant News


FILE PHOTOS: The logo of AMP Ltd, Australia’s largest retail wealth manager, adorns their headquarters located in central Sydney, Australia, May 5, 2017. Image captured May 5, 2017. REUTERS / David Gray / File Photo

(Reuters) – Wealth manager AMP Ltd said on Monday that US-based Ares Management Corp is interested in buying a 100% stake in its asset management unit’s private market business, at the end of a 30-day exclusivity period between the two parties.

AMP said that and Ares continued to work toward a potential deal, with Ares showing interest in buying the entire private market business, contrary to Ares’ original plan to buy a 60% stake for A $ 1.35 billion ($ 1.03 billion).

Under the previous plan, AMP would retain 40% of AMP’s Capital unit, which is engaged in infrastructure and real estate investment, with the joint venture between the two companies worth A $ 2.25 billion.

Previously, Ares had withdrawn a company-wide A $ 6.36 billion takeover proposal, instead of continuing talks over AMP Capital – considered its most valuable unit.

Wealth managers have seen their value fall in recent years after a royal banking commission exposed widespread abuses by the company, leading to an exodus of clients even as another scandal broke.

Just last week, a media report said the AMP CEO was stepping down, forcing the company to confirm twice that he had not quit, although it did confirm succession planning discussions were taking place, raising questions about the stability of his leadership.

($ 1 = 1.3089 Australian dollars)

Reporting by Rashmi Ashok in Bengaluru; Edited by Peter Cooney and Daniel Wallis

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Swiss ABB plans a $ 4.3 billion share buyback starting April | Instant News


FILE PHOTO: Swiss technology and automation group ABB logo seen at the Swiss Economic Forum (SEF) conference in Interlaken, Switzerland 24 May 2019. REUTERS / Arnd Wiegmann / File Photo

ZURICH (Reuters) – Swiss engineering firm ABB said on Thursday it would launch an estimated $ 4.3 billion share buyback as it seeks to return proceeds from selling 80% of its Power Grids unit to Japan’s Hitachi.

ABB, which makes robots and industrial propulsion, previously completed a $ 3.5 billion share buyback.

“The Board affirms ABB’s intention to return $ 7.8 billion in cash from the Power Grids divestment to shareholders through share buybacks,” ABB said in a statement.

“This program is expected to be launched in April 2021.”

Since the dumping of the Power Grid last year, ABB has said it wants to sell three of its other businesses as it strives to be a less complex company.

ABB has selected Goldman Sachs and Credit Suisse to help divest its turbocharging division, one of the businesses on the auction block, which could raise up to $ 2 billion, Reuters reported this month.

Chief Executive Bjorn Rosengren told shareholders at ABB’s remote AGM on Thursday that they would continue with “active portfolio management” and expressed interest in trimming and selling the business to focus its activities.

Reporting by John Miller and John Revill in Zurich; Edited by Elaine Hardcastle and Alexander Smith

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