Bloomberg News

Qualicorp, Shareholders Seek to Raise Up to 1.86 Billion Reais

June 07, 2011

June 7 (Bloomberg) -- Qualicorp SA and its controlling shareholders are seeking to raise as much as 1.86 billion reais ($1.2 billion) in an initial public offering in Brazil.

The Brazilian health-insurance broker and its shareholders may sell as many as 98 million shares, including possible supplementary offerings, according to a prospectus published today in Sao Paulo-based newspaper Valor Economico. The stock may be priced at 16 reais to 19 reais.

Bank of America Corp.’s local unit is coordinating the sale with Credit Suisse Group AG, Goldman Sachs Group Inc. and Banco Bradesco BBI SA. Qualicorp expects the shares to be priced on June 27 and begin trading in Sao Paulo on June 29.

To contact the reporter on this story: Telma Marotto in Sao Paulo at tmarotto1@bloomberg.net

To contact the editor responsible for this story: Laura Price at lprice3@bloomberg.net


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