Domestic Buyers Fuel Equatorial Sale

Domestic Buyers Fuel Equatorial Sale

Brazil Equity

Brazil’s Equatorial Energia has priced a BRL1.42bn ($683m) equity follow-on, exercising its full overallotment in a deal heard multiple times oversubscribed. The transaction relied on local investor support and came at a 4.8% discount to the previous session’s closing price, with shares trading up 4.23% Friday. The energy holdco sold 89m shares, including a 15% greenshoe and 20% hot issue, at BRL16.00 each, according to the CVM. The hot issue consisted of secondary shares owned by controller Vin

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