February 26, 2013
Brazil’s CCX has reaffirmed the BRL4.31 ($2.19) per share buyback price for
Brazil’s CCX has reaffirmed the BRL4.31 ($2.19) per share buyback price for offer targeting the float of the CCX Colombia coal unit, it says, despite the price being just above an outside evaluation. An independent examination by Brasil Plural has indicated a BRL3.83-BRL4.24 range. The timing remains to be set, with the Eike Batista company submitting for regulatory approval. Shares closed Monday at BRL3.93 each.