Voto Cimentos IPO Adds Banks

Voto Cimentos IPO Adds Banks

Brazil Equity

Votorantim Cimentos has added a second tier of seven banks to its IPO expected to raise more than $5bn. Banco do Brasil, Banco Votorantim, Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs and HSBC have joined as coordinators, according to a prospectus. BTG Pactual, Credit Suisse, Itau, JPMorgan and Morgan Stanley are the global coordinators on the transaction. The exact timing remains to be determined and a price range has not been set. The deal is expected to launch as soon as this m

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