ABC Brazil schedules initial public offering
The institution, which belongs to the Arab Banking Corporation, from Bahrain, will have its shares traded at the São Paulo Stock Exchange (Bovespa). A total of 45.1 million preferred shares, with no voting rights, are being offered. The bank estimates that it will make 608.8 million Brazilian reais (US$ 322.1 million) with the deal. Share reserve requests may be submitted starting today.
By Mark Ament
