Cultiba Sets Re-IPO Date

Cultiba Sets Re-IPO Date

Mexico Equity

Mexico's Cultiba plans to price an equity follow-on January 30, according to sources familiar with the transaction, targeting at least MXP3.94bn ($312m). Though the Pepsi bottler formerly known as Embotelladoras Unidas has existing shares, the upcoming deal is being treated as an IPO. It is offering 112.7m shares, including a 14.7m share greenshoe, at MXP35.00-MXP40.00 each, according to regulatory documents, indicating a MXP4.20bn transaction at the midpoint. The total includes 23.75m secondary

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