RIO DE JANEIRO, BRAZIL – CVC Brasil (CVCB3) reports that on June 7 it hired BTG Pactual (BPAC11) and Citi Group to provide financial advisory services for a potential primary stock offering.
Latin America’s largest travel operator clarifies that it has not yet formally approved or defined the execution of the stock offering, so no terms or conditions have been set so far.
CVC is the largest travel operator in Latin America and the largest retail tourism network in Brazil.
The potential stock offering is subject to the existence of favorable political and macroeconomic conditions, favorable conditions in the Brazilian and international capital markets, the satisfactory completion of the usual procedures in operations of this nature, among other factors beyond the control of CVC Brasil.
According to the report released last month, with the increased competition in the market, CVC is focused on fighting for a leading position by introducing technology into its services, something that Ágora Investimentos considers “paramount.”
CVC is the largest travel operator in Latin America and the largest retail tourism network in Brazil.
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CVC Brasil Operadora e Agencia
SA: CVCB3CVCB3Consumer CyclicalTravel Services
R$719M
Market cap
Valuation & profitability
Market capR$719M
Revenue (TTM)R$1.47B
P / E ratio46.0
Profit margin-8.9%
Return on equity-33.4%
Price & risk
52-wk low $1.0652-wk high $2.79
Beta (volatility)0.50
200-day average$1.85
Revenue trend · 6y
20202025
Latest R$1.49B
Ownership
Institutions86.9%
Shares outstanding521M
Dividend
No regular dividend — earnings reinvested for growth.
What CVC Brasil Operadora e Agencia does. CVC Brasil Operadora e Agência de Viagens S.A., together with its subsidiaries, provides tourism services in Brazil and internationally. The company offers services in the areas of accommodation, entertainment, land and air transportation, cruises seafarers, cultural and professional exchange, and others. It operates under Almundo.com, Biblos, CVC, and Ola brands. CVC Brasil…