Biosev Launches Guaranteed IPO

Mar 27, 2013

Biosev has launched an IPO targeting more than BRL800m ($398m), setting an April 15 pricing for its second attempt to debut on the Bovespa. To improve its chances, the Brazilian sugar, ethanol and bioenergy unit of Louis Dreyfus Commodities is selling the 53.7m primary shares at BRL15.00 each with a put option at BRL0.01-BRL2.00 each, according...

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

Jan Dehn, Ashmore Investment Management