Brazil’s Qualicorp Raises BRL674 Million from Share Sale (Latin America)
Source: The Wall Street Journal | Author: Rogerio Jelmayer
The controlling shareholders of Brazilian healthcare company Grupo Qualicorp have raised BRL674 million (approximately US$364 million) from a secondary offering on the Brazilian stock exchange (BM&FBOVESPA). Over 40 million shares were sold at a price of BRL16.50 each. The amount raised could increase if the controlling shareholders—global private equity firm The Carlyle Group and Qualicorp founder Jose Seripieri Filho—decide to exercise their right to sell additional shares over the next 30 days. The Carlyle Group first invested in the company in July 2010.