Grupo SBF, the Brazilian retail group known mainly for its chain of 180 Centauro stores, is trying to go public again, while local observers feel that the new government will help stimulate the economy, reducing taxes and opening up borders to imports. The company has announced an initial public offering on the São Paulo stock exchange, without specifying an offer price for its share. It reported a 38.3 percent decline in net income to 148.7 million reais (€35.3m-$40.1m) for 2018 on 15.6 percent higher revenues of 2.3 billion reais (€546.5m-$620.1m). Grupo SBF had already filed for an IPO in November 2017, but its request was denied by local authorities because of market conditions and because it failed to provide the required documents.

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