Brazilian banking company Caixa Economica Federal intends to secure 15 billion reais ($3.88 billion) via the listing of four of its subsidiaries.
Caixa intends to list its insurance, asset management, lottery and credit card subsidiaries.
Previously, the bank revealed that it was planning to divest minority stakes in the subsidiaries through listings in Sao Paulo and New York.
The company plans to list the subsidiaries in the second half of 2019 or first half of 2020.