Abril Set for Equity Sale

Abril Set for Equity Sale

Brazil Equity

Order books appear to be in good shape ahead of a BRL600m ($297m) equity follow-on offering from Brazil’s Abril Educacao, according to people following the sale. The educational unit of the Grupo Abril media conglomerate is scheduled to price today 3.1m primary units and 9.9m secondary units, indicating a BRL600m deal based on Tuesday’s BRL46.19 closing price. The total assumes a 15% greenshoe option. A 20% hot issue is also available. The secondary shares are to be sold by members of the contro

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