Vesta Trims Follow-On

Vesta Trims Follow-On

Mexico Equity

Corporacion Inmobiliaria Vesta’s follow-on equity sale raised MXP2.49bn ($189m) Tuesday, less than planned after one secondary seller opted out. Investors bought close to 98m primary shares and 12.8m secondary shares at MXP22.5, a 4.9% discount to Vesta’s MXP23.67 closing price. The sale of secondary shares was smaller than the 44.5m initially planned, after the real estate investment arm of German savings bank Deka decided not to sell its stake. The rest of the secondary portion came from DEG,

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