MPX Cans Follow-On, Batista Resigns

MPX Cans Follow-On, Batista Resigns

Equity

Brazilian power generator MPX Energia cancelled the public follow-on equity offering it signaled last month, opting to tap existing shareholders instead for two-thirds the amount initially targeted. MPX will raise BRL800m of equity at BRL6.45 per share. Germany energy firm E.ON will buy BRL366.7m worth of the sale. The rest will be offered to MPX’s other shareholders, with lead manager BTG Pactual picking up anything left over. The move came after MPX’s shares lost nearly a third of their value

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