Sanepar follow-on clogs Brazil equity pipe

Sanepar follow-on clogs Brazil equity pipe

Equity Brazil

Sanepar's is scheduled to price its follow-on equity offering during the same week as three Brazilian IPOs, potentially clogging the lane for investor attention. Parana state and Companhia Paranaense de Energia, or Copel, will offload 16.38m in secondary Sanepar stock on December 12, according to two ECM bankers familiar with the transaction. Itau BBA and Bank of America Merrill Lynch also have the option to issue 2.46m shares through an overallotment option. That week, IPOs from Burger King Bra

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