NEWS EQUITY/M&A: Shifting gears

NEWS EQUITY/M&A: Shifting gears

Equity M&A

The pace of Latin American equity offerings quickened through July and August, with the region enjoying high investment inflows before the summer break in the US. Brazilian inflows peaked after the country’s interim administration, led by Michel Temer, named former central bank governor Henrique Meirelles as nance minister. Investors said appetite for the region’s largest economy grew in the hope that Temer will implement market-friendly policies. Brazilian corporates responded with two oversubscribed equity trades. First, Energisa tapped fund managers for a 1.54 billion reais ($474 million) follow-on equity o ering, with the energy entity selling 61.5 million primary shares and existi

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