By Tatiana Bautzer
Feb 3 (Reuters) – Brazilian shoemaker Arezzo Industria e Comercio SA ARZZ3.SA priced 10.13 million shares at 82.35 reais each on Thursday, a source with knowledge of the matter said.
The offering had a discount of only 0.7% relative to the closing share price of 82.99 on Thursday, due to good demand for the transaction, the source said.
The offering raised 834 million reais ($157.8 million), which the company plans to use for long-term investments, including new stores and potential mergers and acquisitions.
Brazilian newspaper Valor Economico reported the pricing earlier on Thursday.
($1 = 5.2839 reais)
(Reporting by Tatiana Bautzer Writing by Carolina Pulice Editing by Chris Reese and Richard Chang)
(([email protected];))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
www.nasdaq.com