Pinfra roadshows for L-share sale

Pinfra roadshows for L-share sale

Equity

Mexican infrastructure developer Pinfra has begun marketing its sale of up to 49m L-shares, according to regulatory filings. The L shares, which have limited voting rights, will account for up to 11.5% of the company’s total capital base. The remainder, made up of A-shares, will be split between the control group, with 42.48%, and a free-float of 46.02%. The deal, which will be sold will be sold internationally in 144A/RegS format, is set to raise around MXN7.45bn ($575m), excluding overallotmen

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