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Article: Brazil : Santander launches Brazilian IPO.
- Article from:
- TendersInfo
- Article date:
- September 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Santander, the Spanish bank, has launched the planned flotation of its profitable Brazilian operation through a share sale that could raise as much as $5bn and be one of the world s biggest initial public offerings of the year.
In a filing with the US Securities and Exchange Commission, Banco Santander (Brasil) said it wanted to raise up to $200m, but bankers said this was a placeholder number designed to begin the process before it markets shares and sets a price later this month.
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