STXNEWS LATAM-Brazil's Estacio raises $378.7 million in share offering
RIO DE JANEIRO
RIO DE JANEIRO Jan 23 (Reuters) - Estacio Participacoes , a Brazilian operator of college and correspondence programs, and shareholders raised 768.8 million reais ($378.7 million) during a stock offering, according to a securities filing late Wednesday. The price for the offering was set at 42 reais per share. The company raised 616.8 million reais through a primary offering, with proceeds going to fund corporate purposes. Shareholders including Private Equity Partners C and GPCP4 Fundo de Investimento em Participacoes raised 151.8 million reais through a secondary offering.
($1 = 2.03 Brazilian reais.) (Reporting By Paulo Prada)
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