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Votorantim Cimentos SA Announces Initial Public Offering


Thursday, 6 Jun 2013 08:00pm EDT 

Votorantim Cimentos SA together with Votorantim Industrial SA announced initial public offering of 285,714,286 share certificates of deposit comprising one ordinary and two preferred shares (unit), in the amount of BRL 5,000,000,005 (based on the average value of BRL 17.50 per unit), and secondary public offering of 114,285,714 units of Votorantim Industrial SA, in the amount BRL 1,999,999,995 (based on the average value of BRL 17.50 per unit), reaching the total value of BRL 7,000,000,000 for 400,000,000 units. The value per unit is estimated between BRL 16 and BRL 19. Units will be offered in Brazil with Morgan Stanley, JPMorgan, Itau BBA, Credit Suisse and BTG Pactual acting as the underwriters to the offering, and abroad under the coordination of Banco BTG Pactual SA - Cayman Branch, Credit Suisse Securities (USA) LLC, Itau BBA USA Securities Inc, JP Morgan Securities LLC and Morgan Stanley & Co. LLC in the form of American Depositary Shares (ADSs), represented by American Depositary Receipts (ADRs), where every ADS is composed of two units. An additional 60 million units could be offered as part of the initial public offering. 

Company Quote

2.49
-0.01 -0.40%
12:46am EDT