Copasa secondary share offering to price 23 Jan
- From: Vol 9, Issue 1 (January 2008)
- Category: General
- Region: Americas
- Country:
- Related Companies: Banco do Brasil, Citigroup, Copasa and Ecosama
Copasa’s shares are set to receive an imminent liquidity boost. The sellers may not get the price they had been hoping for.
The secondary share offering of Minas Gerais state water company Copasa will be priced on 23 January, although a dip in the share price means the deal is unlikely to raise as much as the sellers might have initially anticipated.
When the deal was first mooted in October last year, Copasa stock was trading above BRL33.00, but has since ...
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