October 19, 2012 / 9:01 PM / 5 years ago

Brazil's Minerva to sell shares in primary, secondary offering

SAO PAULO (Reuters) - Brazilian food processor Minerva (BEEF3.SA) and its controlling shareholder plan to sell shares in an offering that could raise a minimum 442.1 million reais ($219 million).

The company will offer 37.5 million shares in a primary offering, while controlling shareholder VDQ Holding will offer an unspecified amount of stock, the company said in a filing on Friday. An additional lot equivalent to 15 percent of the offering could be sold depending on demand, the filing said.

Reporting By Sao Paulo newsroom; Editing by Gary Hill

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