Log-In shoots for $240 mln in share share

Log-In shoots for $240 mln in share share

Equity Capital Markets Corporate & Sovereign Strategy Rule 476 Brazil

Brazil's Log-In Logístic could raise up to BRL996 million ($240 million) in a share sale scheduled for later this month, based on the closing price on Friday. The Rio de Janeiro-based logistics company said it intends to sell at least 38 million new shares in the follow-on offering, but added that it could increase the size of the deal by 20%, or 7.6 million shares. It also said that it could sell an additional lot of 5.7 million shares, equal to 15% of the primary offering. Goldman Sachs, Itaú

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