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C&A raises US$406 million with IPO

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Simpson Thacher & Bartlett LLP in São Paulo and New York and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo have helped the Brazilian unit of fashion retailer C&A and its shareholders, Inca and Cofra Investments, raise 1.6 billion reais (US$406 million) through an initial public offering on Brazil’s stock exchange, B3.