Holders Plan Via Varejo Share Sale

Members of the Klein family plan to sell 53.78m shares of Brazilian retailer Via Varejo in a public offering, Via Varejo says. The transaction would raise BRL1.35bn ($669m) at Monday’s BRL25.00 closing price, and represents about 16% of the company. Bradesco has been hired to manage, with another bank remaining to be selected. The Kleins own 47% of Via Varejo, which runs the Casas Bahia and Ponto Frio stores.