November 25, 2019
Brazil's BR Properties and Log-In Logística priced shares sales on Friday, raising at least BRL1.61 billion ($383 million) from follow-on offerings on the B3 stock exchange in São Paulo.
BR Properties, a real estate developer from São Paulo, earned BRL1.05 billion by selling 84.4 million shares for BRL12.50 each, according to a securities filing. The company, which agreed last month to acquire a mixed-use development in São Paulo for BRL766 million, said it will use the money from the share sale
Brazilian real estate developer raises $250 mln from a follow-on offering, while the logistics firm gets at least $130 mln