Ouro Verde Takes IPO Step

Ouro Verde Takes IPO Step

Brazil Equity

Brazilian fleet outsourcing provider Ouro Verde has made the initial registration for its planned IPO. The amount and timing remain to be determined, though officials have previously told LatinFinance that the company would target up to BRL1bn ($450m). The company plans to use 77% of the primary proceeds for organic growth and 23% for working capital, according to a regulatory filing. The deal will also include a secondary portion of shares sold by founder Celso Antonio Frare – who is raising fu

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