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General

Telefonica Brasil approves share offering price

Tuesday 28 April 2015 | 22:47 CET | News
Telefonica Brasil said its board had approved a share offering priced at BRL 38.47 for common shares and BRL 47.00 for preferred shares. A total of 121,711,240 common and 236,803,588 preferred shares will be issued. As a result, the company's capital stock will be increased by BRL 15.8 billion to BRL 53.6 billion. Telefonica is aiming to raise funds to purchase Brazilian broadband provider GVT.

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Categories: General
Companies: GVT / Telefonica Brasil
Countries: Brazil
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