Movida shares offer is priced at R $15 and moves R $832.5 mi

SÃO PAULO (Reuters) – the stock offer of the vehicle rental company and fleet management Movida was priced at 15 reais per paper and moved 832.5 million reais, as minutes of the board meeting released on Thursday night. We sold 35.5 million shares referring to the primary offer, 20 million of shares referring to the secondary offer, which had the JSL controller as a seller, and 7 million of this slice were to partially meet the excess of demand. After the conclusion of the offer, JSL starts to hold 55.1% of the social capital of Movida, said the company in a relevant fact. With the operation, the company's share capital increased from about 1.5 billion reais, divided into 263,421,014 shares, to approximately 2.05 billion reais, divided into 298,921,014 shares. The operation was coordinated by BTG Pactual Bank, Banco Itaú BBA, J.P. Morgan Bank, XP Investments, BB Investimentos, Bradesco BBI and Banco Santander Brazil.