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Shareholders of Brazil Natura to sell common stock

Fri Jul 3, 2009 7:23am EDT

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SAO PAULO, July 3 (Reuters) - Shareholders of Brazilian cosmetics maker Natura (NATU3.SA) plan to offer an undisclosed amount of common stock in a secondary offering, the company said late on Thursday.

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The company declined to disclose the names of the shareholders involved in the transaction, according to a filing with the securities regulator, known as CVM. Controlling shareholders of the Itapecerica da Serra, Brazil-based company include Antonio Seabra, Guilherme Leal and Pedro Passos, who currently hold a combined 73.4 percent stake.

The company declined to give a timetable for the transaction in the filing. Neither the size and price range for the deal were disclosed.

Natura said it hired Itau BBA, JPMorgan Chase & Co., Deutsche Bank and UBS to co-manage the transaction.

(Reporting by Guillermo Parra-Bernal, editing by W Simon)

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