Caixa plans IPOs of 4 subsidiaries in SP and New York a year from now – 30/01/2019 – Market



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Pedro Guimarães, CEO of Caixa, wants to accelerate the IPOs of the Bank's management, badet management, lottery and card management units

when of an event intended for investors, Guimarães said he wanted to list at least two of these units this year and suggested that lotteries be the first.

The four subsidiaries can be listed within a maximum of 12 months, added Guimarães. pairs in São Paulo and New York.

Caixa initially registered the companies and sold a minority stake. "We are not considering an offer of shares in which we would sell a stake," Guimarães said. The idea is to sell about 30% of the shares, he added.

Caixa badesses the best model for distributing the shares of its subsidiaries to retail clients, including a specific allocation for individual investors, he added. the government has already decided to sell as soon as possible all of Caixa's holdings in publicly traded companies such as Petrobras.

According to Guimarães, other initiatives to increase the capital of Caixa are: The bank branches of real estate investment funds, which can spend from 2 to 5 billion dollars.

Caixa can also securitize up to $ 100 billion of its mortgage portfolio over the next four years, he said. Guimarães announced that it would soon announce the securitization of part of its business loan portfolio.

This is only after the reorganization of the Caixa will have obtained the first results, that a list of the bank will be considered. "But it's a decision that must be made by the Minister of the Economy, Paulo Guedes, not me," Guimarães said.

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