Log prepares capital increase

Log prepares capital increase

Brazil Equity

 Log Commercial Properties is readying a BRL308.47m ($98m) equity capital increase to pay down debt and help fund the construction and expansion of existing assets it owns. The Brazilian property company’s existing stakeholders will subscribe to 64.87m shares and majority shareholder MRV Engenharia will pick up the lion’s share. Homebuilder MRV currently holds 39.9% of Log and will inject BRL209.29m in the capital increase, picking up 29.79m of the shares on offer and take its overall st

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