Jul 12, 2017

The infrastructure concessions company executed the largest follow-on offering in Brazil in years, raising more than $1.2 billion for acquisitions and new investments

Mick Bowen

Over the first few months of 2017, Brazil's equity markets hosted its most robust series of deals in years. The car rental company Movida opened the doors in early February with an IPO for 645 million reais ($195 million). Retail chain Lojas Americanas got 2.4 billion reais from a follow-on offering in March. And low-cost air carrier Azul overcame some snags to raise 1.79 billion reais from an IPO in April.

But the infrastructure concessions company CCR surpassed them all with a follow-on offering in February for 4.07 billion reais, the largest such share sale...

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