Alsea roadshows MXN6bn follow-on

Alsea roadshows MXN6bn follow-on

Equity

Mexican food chain operator Alsea has begun marketing efforts for a follow-on of around MXN6bn ($465m), excluding overallotment options. The all-primary deal will raise money to repay the $627m that Alsea borrowed to buy WalMart de Mexico’s restaurant unit last year. That acquisition — of the VIPS chain — closed in May. BBVA, Citi, HSBC and Itau are arranging the follow-on, which is being marketed internationally and locally. Alsea operates several fast food and casual dining chains, mainly in M

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