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Top related persons:
Localiza - 1 Bradesco - 1 BTG Pactual - 1 Gabriel Araujo - 1 Steven Grattan - 1 Louise Heavens - 1 Conor Humphries - 1
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Santander Brasil
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SAO PAULO - 1 JPMorgan - 1 UBS Brasil - 1 Santander - 1 Bank of America - 1 Banco Safra - 1 XP - 1 Thomson - 1

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2 mentions found


☆ Brazil's Localiza launches $935.5 mln share offering to expand fleet
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +1 min
SAO PAULO, June 16 (Reuters) - Brazilian car rental company Localiza (RENT3.SA) said on Friday it will launch a follow-on share offering aimed at raising as much as 4.5 billion reais ($935.51 million) to expand its car fleet and service network. The primary offering will initially comprise 60.02 million new shares, Localiza said in a securities filing, but could be increased by up to 12.5% if demand allows it. Considering its closing price of 66.64 reais per share on Thursday, the offering would total around 4 billion reais, the company said. Shares of Localiza slipped around 2% after the move was announced, making it one of the biggest fallers on Brazil's Bovespa stock index (.BVSP). ($1 = 4.8102 reais)Reporting by Gabriel Araujo; Editing by Steven Grattan, Louise Heavens and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.
Persons: Localiza, Bradesco, BTG Pactual, Gabriel Araujo, Steven Grattan, Louise Heavens, Conor Humphries Organizations: SAO PAULO, JPMorgan, UBS Brasil, Santander, Bank of America, Banco Safra, XP, Thomson Locations: Santander Brasil
☆ Rate cuts from June would be compatible with Brazil cenbank's target, official says
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +2 min
BRASILIA, Nov 10 (Reuters) - Brazil's central bank believes rate cuts from June 2023 would be compatible with bringing inflation in line with its target in 2024 based on market forecasts, the bank's director of international affairs, Fernanda Guardado, said on Thursday. "I want to reinforce that it is not our focus now (to discuss the) timing of rate cuts. According to the director, the central bank calculates that inflation in 12 months will be around the 3% official target in the second quarter of 2024, ending that year around this level. In October, the central bank held interest rates at a 13.75% cycle-high for the second straight policy decision. Policymakers paused the tightening cycle in September after 12 hikes lifted rates from a 2% record low in March 2021.
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