Vesta Sets Follow-On Target

Vesta Sets Follow-On Target

Mexico Equity

Corporacion Inmobiliaria Vesta is targeting more than MXP4.0bn ($309m) from its equity follow-on, and has set a June 25 pricing date. The Mexican real estate developer is offering 120m primary shares and 44.5m secondary shares, assuming a 15% greenshoe, which would mean a MXP4.37bn deal at Wednesday’s MXP26.57 closing price. It expects to sell two-thirds of the primary portion globally and one-third in Mexico. DEG, a private sector financing arm of German development bank KfW, and the real estat

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