Banco do Brasil raises $1.39 billion in secondary share offer: filing

SAO PAULO (Reuters) – Brazilian state-controlled lender Banco do Brasil SA (SA:) has priced its shares at 44.05 reais in a secondary share offering, it said in securities filing on Friday, confirming a Reuters’ report late Thursday.

As a result, Banco do Brasil and workers’ severance fund FI-FGTS raised 5.836 billion reais ($1.39 billion) with the sale of 132.5 million shares.

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