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Shock Lula Win Derails $6 Billion in Equity Sales as Banks Reel

Key Points

Brazilian companies had some $6 billion in equity sales lined up for the weeks after the vote that they expected would crown conservative Flávio Bolsonaro as the next president of Latin America’s largest economy.

Brazilian companies had some $6 billion in equity sales lined up for the weeks after the vote that they expected would crown conservative Flávio Bolsonaro as the next president of Latin America’s largest economy.
Lula Win (PERSON) Flávio Bolsonaro (PERSON) Latin America’s (LOCATION)
Originally published by Bloomberg Markets Read original →