Voto Cimentos Aims IPO

Voto Cimentos Aims IPO

Brazil Equity

Votorantim Cimentos has launched its IPO, targeting BRL8.0bn ($3.8bn), with pricing likely the week of June 17, according to people familiar with the plan. Investor meetings are set to begin in Brazil next week, followed by international visits. The cement business of Brazil's Votorantim conglomerate is planning to sell 286m primary units and 114m secondary units at BRL16.00-BRL19.00 each, according to a prospectus, indicating a BRL8.05bn sale at the midpoint if a 15% all-primary share greenshoe

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