Minerva's capital increase boosts earnings per share in Brazil

Minerva is planning a capital increase of 2 billion Brazilian reais. This move aims to reduce its debt levels, which stood at 3.7 times in the last quarter, up from 2.8 times previously. The two largest shareholders have committed to the subscription. Despite a potential 65% dilution for minority shareholders, Minerva projects an 11.7% increase in earnings per share. This is due to anticipated savings on financial expenses resulting from reduced debt and higher interest rates. To encourage shareholder participation, Minerva is offering a subscription bonus. Shares will be priced at R$ 5.17, representing a 20% discount. The overall discount for shareholders subscribing their portion can reach 45%.