September 16, 2019
Brazil's Omega Geração could earn up to BRL1.29bn ($315m) from an upcoming share sale, based on Friday's closing price, raising money to buy more operating assets.
The Belo Horizonte-based renewable energy company said that it plans to sell at least 27.7m shares in the B3 stock exchange in São Paulo, but it could increase the size of the offering by 35% to 37.4m shares. Shares in Omega rose 4.33% after the announcement to end the week at BRL34.43, after touching a 52-week high of BRL35.60.
Brazilian renewable energy company could raise up to $315m for acquisitions