Brazil’s Ecorodovias plans $454 million share offering – filing

Stock Markets36 minutes ago (Jun 11, 2021 08:30AM ET)

(C) Reuters.

SAO PAULO (Reuters) – Brazilian infrastructure concession firm Ecorodovias Infraestrutura e Logistica SA on Friday announced a share offering of around 2.3 billion reais ($454.35 million), which it expects to price on June 22.

The offer, approved by Ecorodovias’ board of directors on Wednesday, will be managed by BTG Pactual, Bradesco BBI, Itau BBA, Bank of America (NYSE:BAC) and UBS BB, according to a filing late on Thursday.

The company said the share offer is part of its corporate reorganization and that the co-controlling shareholder Igli has pledged to subscribe an amount of shares equivalent to the amount of 1.2 billion reais.

($1 = 5.0622 reais)

Brazil’s Ecorodovias plans $454 million share offering – filing

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Stories


Popular Categories