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BDORY Banco Do Brasil SA (PK)

5.23
0.20 (3.98%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Banco Do Brasil SA (PK) USOTC:BDORY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.20 3.98% 5.23 5.05 5.25 5.28 4.92 5.01 396,740 21:00:56

Neoenergia Cancels IPO in Brazil -Europa Press

15/12/2017 9:14am

Dow Jones News


Banco Do Brasil (PK) (USOTC:BDORY)
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--Brazil's Neoenergia SA (NEOE3B.SM)--in which Iberdrola SA (IBE.MC) has a 52.45% stake--has suspended its initial public offering after its other two shareholders, Banco do Brasil SA (BBAS3.BR) and pension fund Previ, rejected the price range sought by investors, Europa Press cites sources as saying.

--Sources said that the indicative price range valued Neoenergia shares at between 15.02 Brazilian real ($4.5) and BRL18.52 ($5.56) each, Europa Press reports.

--According to Europa Press, sources said that Banco do Brasil and Previ preferred to cancel the IPO after the market didn't react to the proposed listing as expected.

 

Full story: http://bit.ly/2Ca9AYL

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

December 15, 2017 03:59 ET (08:59 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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