Equatorial Due to Price Share Sale

Equatorial Due to Price Share Sale

Brazil Equity

Brazil’s Equatorial Energia was expected to emerge with a price for its equity follow-on by this morning, targeting a transaction of more than $600m. Books were heard to be more than covered Thursday. The energy holdco is offering 66m primary shares. This would indicate a BRL1.28bn ($604m) deal, assuming a 15% greenshoe is used, based on Thursday’s BRL16.80 closing price. A 20% hot issue, comprised of secondary shares owned by controller Vinci Partners, is also possible. About 70% of the proceed

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