Via Varejo Readies FO

Via Varejo has filed for an equity follow-on, it says. The Brazilian retailer is planning to sell both primary and secondary shares. Size and timing remain to be determined, though the controlling Klein family indicated earlier this year that it planned to sell 16%. The planned sale is to include units representing one common and two preferred shares. Bradesco, Credit Suisse and Bank of America Merrill Lynch have been hired to manage. The Kleins own 47% of Via Varejo, which runs the Casas Bahia and Ponto Frio stores.