UPDATE 1-Brazil plans IPO for Caixa Seguridade in 2015

April 8, 2015 3:38 PM

63 0

BRASILIA, April 8 (Reuters) - The Brazilian government will start studies to hold an initial public offering of Caixa Seguridade, the insurance unit of state-run mortgage lender Caixa Economica Federal, Finance Minister Joaquim Levy said on Wednesday.

The government hoped the IPO would be done this year, Levy said, adding that he did not know how much the sale would contribute to the state coffers at a time when the government was struggling to improve its finances.

Read more

To category page