Warburg Pincus Said to Opt Out of Buying Brazilian Bank's Shares

Updated on
  • New York-based fund will have its stake in Indusval diluted
  • Lender is raising $20 million in capital with share sale

Warburg Pincus LLC, the New York-based private-equity firm, won’t buy more shares of Banco Indusval SA as the Brazilian bank sells stock to raise 80 million reais ($20 million) in capital, according to two people with direct knowledge of the matter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.