October 18, 2018 |
Mexican retailer Grupo Coppel is holding off on pursuing an IPO in the immediate-term after sources confirmed the company had indefinitely postponed a potential equity sale.
Bank of America Merrill Lynch and Morgan Stanley had been selected to lead an underwriting process that could have raised more than $1bn, two sources familiar with the company's plans said.
When contacted by LatinFinance, sources at the US investment banks declined to comment or could not be reached before this article was p
Mexican retailer postpones equity sale indefinitely after engaging in talks with two investment banks, source