Grupo Abril To Go Public

Grupo Abril, Brazil’s largest publishing and print group, is to float its stock on the São Paulo Stock Exchange. The family-owned company sold a 13.8% stake two years ago to US investment fund Capital Group for $50 million as part of a larger restructuring of the media group, which has been ongoing since 2003. Grupo Abril publishes seven out of 10 of the country’s most popular magazines, including Veja – one of the world’s best-selling weekly publications. Its wider media interests include a 70% stake in MTV Brasil.