SAO PAULO (Reuters) – Brazilian drugstore chain Farmacias Nissei has employed 4 banks to handle an preliminary public providing (IPO) aimed toward elevating 1 billion reais ($192 million), the Brazil Journal monetary weblog reported on Friday, citing unnamed sources. The corporate, which is claimed to be a number one drugstore chain within the southern state of Parana, plans to make use of proceeds to fund natural development and repay a debt with U.S. funding agency Farallon Capital Administration L.L.C, the publication mentioned. Farmacias Nissei is anticipated to file its IPO request at securities regulator CVM in mid-September and pricing is prone to happen by year-end, Brazil Journal mentioned. Banco Safra, Merrill Lynch and the funding banking items of Itau Unibanco SA (ITUB4.SA) and BTG Pactual (BPAC3.SA) are managing the share supply, which is prone to be largely major, the weblog mentioned. Nissei was not instantly accessible for touch upon the weblog report. The corporate ended 2019 with 305 drugstores, in line with Brazil Journal, and web income of 1.5 billion reais. Reporting by Gabriela Mello; modifying by Jason NeelyOur Requirements:The Thomson Reuters Belief Rules.