BR Properties, Log-In price share sales

BR Properties, Log-In price share sales

Equity Capital Markets Brazil

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

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