October 22, 2018 / 7:02 PM / a month ago

Brazil's Tivit, Banco BMG file for registry as public companies

BRASILIA, Oct 22 (Reuters) - Brazil information technology company Tivit Terceirizacao de Processos, Servicos e Tecnologia SA and Banco BMG bank on Monday asked for authorization of Brazilian exchange regulator CVM to become a public company.

Reuters had previously reported Tivit and Banco BMG had hired bankers to prepare for potential IPOs, according to sources with knowledge of the matter. The registry as a public company is a necessary step before filing for an initial public offering. (Reporting by Jake Spring)

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