Carlyle Controlled CVC Plans I.P.O.

Brazilian tourism company CVC, which is owned by buyout shop the Carlyle Group, is planning to sell shares in an initial public offering, Reuters reported. Specific details, including the size of the offering, are not yet released. The proceeds of an offering would go to shareholders, Reuters said. Itau Unibanco, Morgan Stanley & Co., Bank of America Merrill Lynch, BTG Pactual and JPMorgan Chase & Co. were hired to manage the transaction.

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