July 13, 2017 / 8:36 PM / 2 months ago

Brazil's Profarma cancels plans of new share offering -filing

SAO PAULO, July 13 (Reuters) - Brazilian drug distributor Profarma Distribuidora de Produtos Farmacêuticos SA has decided against a new offering of shares to raise cash, the company said in a securities filing on Thursday.

The company said the macroeconomic environment and current political instability would prevent such transaction. Profarma said in a securities filing on June 21 that it was considering a new share offering. (Reporting by Tatiana Bautzer; Editing by Steve Orlofsky)

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