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Brazil's Hapvida approves potential $470mn share offering

  • The offering would combine primary and follow-on offerings, Hapvida said in Sunday's filing, adding that it would use the proceeds of the primary offering to finance current and future acquisitions.
Published April 12, 2021 Updated April 12, 2021 06:32pm
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SAO PAULO: Brazilian healthcare provider Hapvida has approved a share offering that could raise as much as 2.68 billion reais ($471.72 million) after it is priced on April 20, the company said in a securities filing.

The offering would combine primary and follow-on offerings, Hapvida said in Sunday's filing, adding that it would use the proceeds of the primary offering to finance current and future acquisitions.

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