Fras-le brakes follow-on

Fras-le brakes follow-on

Brazilian auto part maker Fras-le halted its follow-on share sale on Wednesday, citing unfavorable economic conditions. Under Brazil’s capital markets rules, the firm could pick up the deal in the next 60 days without refiling documentation LatinFinance understands. The pause came on a tough day for Latin America’s equity markets, with Grupo Gigante choosing to halt an IPO of Office Depot de Mexico, although Chilean oil and gas firm Geopark was heard to be proceeding with its sale (see separate

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