trending Market Intelligence /marketintelligence/en/news-insights/trending/dUtw4xVALdWE04wWY0Q4dg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Caixa Seguridade inks distribution agreement ahead of planned IPO

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them


Caixa Seguridade inks distribution agreement ahead of planned IPO

Caixa Seguridade Participações SA signed an agreement with Icatu Seguros SA to establish a new company that will operate the premium bonds line in Caixa Econômica Federal's distribution network for 20 years.

Caixa Seguridade will have a 75% stake in the new company, holding 49.99% of its common shares and 100% of its preferred shares. Icatu will hold 50.01% of the new company's common shares, corresponding to a 25% total stake, according to a news release.

The companies have set a Jan. 4, 2021, deadline for the deal's closing. Once complete, Icatu will subscribe a capital increase in the new company amounting to 180.0 million Brazilian reais. That amount will be transferred by the new company to Caixa Econômica Federal, and Caixa Seguridade will enter into a distribution agreement with new company.

The new company will remunerate Caixa Seguridade for the total selling expenses per product at predefined amounts, in addition to a performance fee linked to annual volume and profitability goals. Icatu will also pay Caixa an annual bonus corresponding to 75% of the net dividends received by Icatu from the new company that exceed certain annual targets.

Caixa Seguridade and Icatu will each appoint four members to the new company's board.

The agreement, which is subject to regulatory approvals, comes ahead of a planned initial public offering for Caixa Seguridade. The IPO is reportedly scheduled for April and could generate more than 11.5 billion reais.

As of Jan. 20, US$1 was equivalent to 4.18 Brazilian reais.