Brazil's Lojas Americanas raises $759 million in share offering -source

Lojas Americanas SA, Brazil's largest discount retailer, has raised 2.4 billion reais ($759 million) through the sale of new common and preferred shares, one source with direct knowledge of the matter said.

The company has priced its preferred shares at 16 reais and its common shares at 12.71 reais, the source added. Lojas Americanas has sold 9.3 million new common shares and 142.9 million new preferred shares.

In early February, it was reported by Reuters that Lojas Americanas had hired the local unit of Credit Suisse Group AG to analyze potential operations to change the company's capital structure, including a possible capital increase. 

At the same time, The Brazil Journal blog said any funds could be injected into the B2W Cia Digital e-commerce unit.