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Laep flotation

This article was originally published in Foodnews

LAEP Investments, which controls Parmalat Brasil SA, is to raise between BRL895 million and BRL1.2 billion (US$495-665 million) through an initial public offering on Bovespa, the Brazilian stock exchange, reports Dow Jones. Laep will offer 77.83 million shares in the form of Brazilian Depositary Receipts, and the company expects a price range of BRL11.50-15.50 per share. Trading starts on 29 October.


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