BEST CORPORATES – CCR
The infrastructure concessions company executed the largest follow-on offering in Brazil in years, raising more than $1.2 billion for acquisitions and new investments
Over the first few months of 2017, Brazil's equity markets
hosted its most robust series of deals in years. The car rental
company Movida opened the doors in early February with an IPO
for 645 million reais ($195 million). Retail chain Lojas
Americanas got 2.4 billion reais from a follow-on offering in
March. And low-cost air carrier Azul overcame some snags to
raise 1.79 billion reais from an IPO in April.
But the infrastructure concessions company CCR surpassed
them all with a follow-on offering in February for 4.07 billion
reais, the largest such share sale...
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