Caixa Seguridade (CXSE3): Caixa authorizes studies for potential offering of insurance arm shares

Cash reinforcement: Caixa can obtain up to R$3 billion with a secondary offering of shares from Caixa Seguridade (CXSE3) (Image: Disclosure/ Caixa Seguridade)

A Caixa Econômica Federal (CEF) authorized the development of studies and analyzes for a potential future sale of shares through its insurance, pension and capitalization arm, Security Fund (CXSE3), informed the subsidiary this Thursday (28).

According to a relevant Caixa Seguridade fact, the possible future sale of shares it would not involve changing control.

On Wednesday, the newspaper The State of S. Paulo reported, citing sources, that the company plans to make a follow-on offering secondary actions which can move up to 3 billion reais.

See the relevant fact released by Caixa Seguridade (CXSE3):

Source: Moneytimes

Share this article:

Leave a Reply

most popular