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STXNEWS LATAM-Brazil's Estacio raises $378.7 million in share offering
January 23, 2013 / 11:11 PM / 4 years ago

STXNEWS LATAM-Brazil's Estacio raises $378.7 million in share offering

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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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