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Brazilian state lender Caixa picks banks for insurance unit IPO - sources

Bnamericas Published: Tuesday, January 07, 2020

(Reuters)

Brazilian state lender Caixa Economica Federal has chosen the bank syndicate that will manage the initial public offering (IPO) of its insurance unit, three sources with knowledge of the matter said.

Morgan Stanley will lead a 10-bank syndicate including the investment banking units of Banco Bradesco SA , Itau Unibanco Holding SA , Banco Plural, Banco BTG Pactual , Banco do Brasil SA , Credit Suisse AG , Banco Santander Brasil SA , Bank of America and Caixa Economica Federal, the sources added, requesting anonymity.

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