CCR Follow-on Glides Through

CCR Follow-on Glides Through

Brazil Equity

CCR has priced 33m primary shares at BRL33.00 to raise BRL1.09bn in its follow-on Wednesday. The deal came at a 0.7% discount to the BRL33.25 finish, which was down 1.0% from Tuesday’s session. The Ibovespa was up 0.3% Wednesday, after having lost close to 3.0% in the previous session. CCR’s offering is heard to have garnered a book of over 2x the offer, a decent number for a follow-on. There is no hot issue, and an additional 15%, or 4.95m greenshoe shares could raise the company an e

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