Brazil's Caixa says to offer 25 pct of insurance unit in sale plan

viernes 26 de junio de 2015 17:40 GYT

BRASILIA, June 26 (Reuters) - Brazilian state-owned lender Caixa Econômica Federal said on Friday its board approved a plan to sell 25 percent of the stock in its insurance unit to investors.

The government has said it wants to sell the stock in Caixa Seguridade Participações SA this year to collect some of the extra revenue it needs to meet its fiscal targets. (Reporting by Alonso Soto; Editing by Chris Reese)