Corsan eyes IPO by July

Corsan eyes IPO by July

Corporate & Sovereign Strategy Economy & Policy Equity IPO Brazil Capital Markets

Rio Grande do Sul state water company Corsan expects to raise BRL1.5 billion ($299 million) in an initial public offering (IPO) by July this year, looking to complete the privatization process before elections in October, CFO Douglas Casagrande told LatinFinance. "We hope the stock exchange can become a channel for privatization," Casagrande said. Selling shares in Corsan will attract private investments to a company that needs to make BRL13 billion in investments to supply drinking water to 99

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