Brazil's Eternit approves share sale

Brazil's Eternit approves share sale

Equity Capital Markets Regions Brazil Latin America

Brazilian roofing tile manufacturer Eternit said on Wednesday it has approved a share sale as part of its ongoing judicial recovery process. Eternit issued 19.9 million common shares worth BRL46.6 million ($8.7 million) and withdrew or cancelled 98.4 million common shares that were not subscribed or whose orders were withdrawn, the company said in a securities filing. The manufacturer previously said it would use part of the proceeds to finance the production of solar tiles and to develop a subs

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