Aliansce Shares See Strong Bid
Brazil’s Aliansce has priced a BRL448m ($216m) equity follow-on, coming at a 2.5% discount. What should be the last marketed Brazilian equity deal of 2012 was heard more than 4x subscribed, putting a positive, if small, ending note on a disappointing year for Brazilian issuers. The shopping center operator sold 19.3m primary shares, including a 15% greenshoe, at BRL23.25 each, according to the CVM. The level compares to Wednesday’s BRL23.85 closing price. The deal was aided by the stock trading up 1.4%...
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