Log prices follow-on

Log prices follow-on

Equity Capital Markets Brazil

Brazil's Log Commercial Properties said it earned BRL638m ($157m) from a follow-on offering on the local stock market and increased its total share capital to BRL2.05bn.The Belo Horizonte-based real estate company priced 28.4m new common shares at BRL22.50 each, below the average price of BRL23.01 over the past 90 days, Log said in a securities filing.Shares in Log dropped 4.39% after the deal priced to close at BRL23.51 on Wednesday. Log said it will use the money from the follow-on offering to

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