Brazilian conglomerate Rodobens files for IPO, looks to grow lending business

Brazilian financial and automotive conglomerate Rodobens SA, formerly known as GV Holding, filed for an IPO on the local stock exchange, according to a prospectus.

The company said it will offer units consisting of one common share and two preferred shares each. Proceeds from the offering will be used for acquisitions and to grow the company's lending operations.

Banco BTG Pactual SA will serve as the lead coordinator for the offering. Banco Itaú BBA SA, Banco JP Morgan SA, Banco Bradesco BBI SA, Bank of America Merrill Lynch Banco Múltiplo SA and XP Investimentos will act as coordinators.

Rodobens is the parent company of São Paulo-based Banco Rodobens SA.