(Bloomberg) -- Brazilian health-care provider Notre Dame Intermedica Participacoes SA is planning an equity offering that may raise about 2 billion reais ($372 million), according to people familiar with the matter, asking not to be named because the details aren’t public yet. Shares fell on the news.Intermedica confirmed in a statement Friday it had hired advisers for a potential secondary offering, without elaborating further. Bain Capital, which is an early backer of the firm, has been reducing its holdings since Intermedica went public in 2018.Shares of Intermedica led losses on the benchmark Ibovespa equity index Friday, falling as much as 4.5% to 67.31 reais, the lowest intraday in more than three weeks.Intermedica has gained ground in Brazil by selling insurance and also owning hospital networks. The company recently announced the purchase of a hospital complex in Brazil’s Southern city of Londrina for 170 million reais.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Right now I am in Brazil, and it remains a very intriguing economy. The last time I was here was nearly 25 years ago on a trip to see auto plants, and Sao Paulo certainly hasn't shrunk since then. Well, the reason is Brazil's population of 210 million.
* Colombia's congress approves biggest ever budget for 2021 * Latam recovery in doubt on fiscal woes, confidence shaky - poll * U.S., Brazil aim to double bilateral trade in 5 years * Sao Paulo stocks jump 2% as banks surge on recovery hopes (Updates prices throughout) By Shreyashi Sanyal Oct 20 (Reuters) - Colombia's peso rose the most among Latin American currencies on Tuesday after the country approved its largest ever budget for next year, while Brazil's Bovespa stock index led gains in the region. The peso rose 0.5% against a weaker dollar after the final approval to a 314 trillion peso ($81.7 billion) budget for next year by the country's congress, which is 8.3% higher than this year's. Brazil's real was flat, giving back gains made earlier in the day after U.S. ambassador to Brazil, Todd Chapman, said the U.S. and Brazil aim to double bilateral trade in the next five years from around $100 billion currently.