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CPFL Set for IPO

Jul 17, 2013

Brazil’s CPFL Energias Renovaveis is scheduled to price an IPO today, targeting more than BRL900m ($400m). The renewable energy arm of utility CPFL is offering 28m primary shares and 44m secondary shares at BRL12.51-BRL15.01, meaning a BRL1.14bn transaction at the midpoint if...

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

Jan Dehn, Ashmore Investment Management