April 23 (Bloomberg) -- Visa Inc.’s Brazilian affiliate plans to sell as much as 10 billion reais ($4.5 billion) of shares in an initial public offering in June, Valor Economico reported, without saying where it got the information.

Cia. Brasileira de Meios de Pagamentos, the Sao Paulo-based credit card company known as VisaNet, plans to register the offer with Brazil’s securities regulator in the next few days, Valor said. VisaNet shelved plans for the IPO last year, the Sao Paulo-based newspaper said.

Banco Bradesco SA is VisaNet’s biggest shareholder, followed by Banco do Brasil SA and Banco Santander SA, Valor said.

An outside spokesman for VisaNet in Sao Paulo declined to comment on the report.

To contact the reporter on this story: Laura Price in London at lprice3@bloomberg.net

Last Updated: April 23, 2009 09:03 EDT