 Brazilian drugstore chain Farmacias Nissei has hired four banks to manage an initial public offering IPO aimed at raising 1 billion reais 192 million, the Brazil Journal financial blog reported on Friday, citing unnamed sources. The company, which is said to be a leading drugstore chain in the southern state of Parana, plans to use proceeds to fund organic growth and pay off a debt with U.S. investment firm Farallon Capital Management L.L.C, the publication said. Farmacias Nissei is expected to file its IPO request at securities regulator CVM in mid-September and pricing is likely to occur by year-end, Brazil Journal said. 