Casas Bahia announced on Wednesday that structuring a credit rights investment fund (FIDC) to optimize the company’s credit operation will require initial financing of 600 million reais.
According to the retailer, the FIDC is in the pre-operational phase and after this first fundraising it will be able to count on further contributions reaching a total capital of 1.5 billion reais.
The structuring and management of the instrument is conducted by Polígono Capital, with the administration of BTG Pactual.
The company emphasized that the actual structuring of the FIDC depends on certain approvals, including from shareholders, and on national and international political and macroeconomic conditions.
“Therefore, to date, no public offering of the FIDC and/or the securities issued by the Company is being made in any jurisdiction,” the company said in a relevant fact.
Source: Terra

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