Brazil’s Anima picks banks for share offering: reports

SAO PAULO (Reuters) – Brazilian education company Anima Holding SA has hired banks to manage a 1 billion reais ($246 million) share offering, Brazilian newspapers reported on Wednesday.

The company has selected investment banking units of Itau Unibanco Holding SA, Bradesco BBI, XP Inc and JPMorgan Chase & Co to manage the offering.

Anima, which provides services to 115,000 students mainly in college, intends to raise money to speed up growth, newspapers Valor Economico and Estadao reported.

Shares in Anima have gained more than 70% in the last 12 months.

The company said in a securities filing that it is constantly evaluating its capital structure, but that a share offering has not yet been approved.

($1 = 4.0675 reais)

(Reporting by Carolina Mandl; editing by Jason Neely and Bernadette Baum)