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BRIEF-Argentina food processer Molino Canuelas delays IPO, cites volatility
November 16, 2017 / 5:55 PM / a month ago

BRIEF-Argentina food processer Molino Canuelas delays IPO, cites volatility

BUENOS AIRES, Nov 16 (Reuters) - ** Argentina food processor Molino Canuelas says in filing with Buenos Aires bourse it has decided to delay IPO “due to the recent market volatility in Argentina”

** Company filed prospectus on Nov. 8 to issue up to 29.25 million shares for between $4.67-$5.67 on Buenos latAires bourse

** Since Nov. 8 Argentina’s Merval stock index fell as much as 10.3 pct to seven-week low on Wednesday before a modest rebound (Reporting by Luc Cohen)

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