Banco Pine S.a.BMFBOVESPA: PINE3

Brazil's Banco Pine Files for Primary Offering of 21.86 Million Shares

· Issued by Banco Pine S.A.

Banco Pine SA BMFBOVESPA:PINE3:

  • FILES FOR PRIMARY OFFERING OF ABOUT 21.86 MILLION PREFERRED SHARES

  • OFFERING TO BE COORDINATED BY ITAU BBA, BTG PACTUAL, BRADESCO BBI, XP AND SAFRA

  • OFFERING WOULD TOTAL ABOUT 275 MLN REAIS AT FEB. 20 CLOSING PRICE

  • TOTAL COULD REACH ABOUT 400 MLN REAIS WITH ADDITIONAL SHARES

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