Brazil's Energisa readying $404 mln share offering

Recasts with company confirming offer, adds more details in paragraphs 2-4

SAO PAULO, Jan 18 (Reuters) - Brazilian power company Energisa ENGI11.SA is working to launch a primary share offering aimed at raising around 2 billion reais ($404.24 million), it said on Thursday.

The company said it expects the offering would be launched after the market close on Friday.

Energisa tapped Itau BBA, Bank of America Merrill Lynch Banco Multiplo, Bradesco BBI, BTG Pactual, Citigroup Brasil, J.P. Morgan and Scotiabank Brasil to coordinate the offer.

The issue is still subject to corporate approvals and market conditions, Energisa said, adding that its controller shareholder, Gipar, intends to join the offering.

($1 = 4.9476 reais)

(Reporting by Gabriel Araujo and Peter Frontini; Editing by Steven Grattan and Susan Fenton)

((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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