July 10, 2020 / 11:21 AM / a month ago

Brazil tourism operator CVC approves $56.5 mln capital raising

SAO PAULO, July 10 (Reuters) - The board of Brazilian tourism operator CVC has approved a capital increase of up to 301.7 million reais ($56.5 million) as the company grapples with travel restrictions related to the COVID-19 pandemic, a securities filing showed on Friday.

The company said up to 23.5 million shares would be issued at 12.84 reais each.

$1 = 5.3386 reais Reporting by Ana Mano; editing by Jason Neely

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