Banco do Brasil Unit’s $6.2 Billion IPO Suspended for 30 Days

Banco do Brasil Unit’s $6.2 Billion IPO Suspended for 30 Days

Adriano Machado/Bloomberg

Banco do Brasil SA, Latin America’s biggest lender by assets, said earlier this month its insurance unit, BB Seguridade Participacoes SA, planned to sell as much as 675 million of its existing voting shares for 15 reais to 18 reais a piece.