STXNEWS LATAM-Brazil's BHG plans to raise up to $265 mln in new shares

Mon Apr 8, 2013 7:04am EDT

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No. 3 Brazilian hotel operator BHG SA said on Monday it will issue up to 524.8 million reais ($265 million) in new common shares, according to a regulatory announcement. The company, known as Brazil Hospitality Group, said the pricing of the new shares is scheduled to take place on April 18.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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