Rumo plans share sale

Rumo plans share sale

Equity Capital Markets Project & Infrastructure Finance Rule 476 Brazil

Brazilian logistics company Rumo plans to carry out a share sale to raise funds for investments in the Malha Paulista railraod and other concessions, according to a securities filing on Sunday. The Curitiba-based company said it has hired five banks – Banco do Brasil, Bradesco BBI, BTG Pactual, Itaú BBA and Banco Safra – to structure the deal, but it did not say how much it planned to raise in the follow-on offering. Rumo CEO Beto Abreu said in late May that the company could raise BRL1.5 billio

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