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Estacio Follow-on Opens Brazil ECM

Jan 24, 2013

Brazil’s Estacio has priced a BRL769m ($377m) equity follow-on, conceding a 6.4% discount in Brazil’s first equity sale of 2013. The education company is selling 18.3m shares, assuming a 15% greenshoe, at BRL42.00...

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“The crisis has been a setback for reserve diversification."

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