Abril Sets FO Date

Abril Sets FO Date

Brazil Equity

Brazil’s Abril Educacao has set April 23 as the pricing date for its equity follow-on, according to a prospectus, targeting more than BRL600m ($299m). The educational company plans to sell 3.1m primary units and 9.9m secondary units, meaning a BRL607m deal at Tuesday’s BRL46.71 closing price. The totals assume a 15% greenshoe option. A 20% hot issue is also available. The secondary shares are to be sold by members of the controlling Civita family and private equity funds managed by BR Investimen

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