Invepar planning to launch $900 million IPO
Reuters has informed that Brazilian infrastructure group, Investimentos e Participacoes em Infraestrutura (Invepar), is planning a BR$2 billion (US$908 million) initial public offering that may launch at the end of January and price in early February.
Rio de Janeiro-based Invepar is controlled by Petros, the Petrobras employee pension fund workers, along with Previ, the employee pension fund of state-owned Banco do Brasil and Funcef, the state-owned bank Caixa Economica Federal.
Last year, Invepar won the concession to run the Sao Paulo international airport offering US$9.4 billion. In May, the company won a concession to develop Porto Maravilha light rail, in Rio de Janeiro. The company also owns the right to operate the Rio de Janeiro subway system, and several toll roads.
Bank of America Merrill Lynch, Banco do Brasil, BTG Pactual, Bradesco, Citi, HSBC and Itau have been mandated to prepare the listing.
There have been 19 equity issues in Brazil this year, for a total of US$9.9 billion. Five of them were IPOs.
Country news
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October 14, 2013
Goias re-launches $575 million light rail PPP tender
The Government first published the project announcement on June 21st, 2013. However, this announcement was suspended due to administrative reasons and by recommendation of the Controladoria Geral do Estado, who proposed modifications to the tender documents. Read more -
October 15, 2013
Sonel Engenharia leads best proposal for water PPP project in Espiritu Santo
The consortium Serra Ambiental, formed by the companies Sonel Engenharia Ltda. (leader), Construtora Aterpa M. Martins Ltda. and Mauá Participações Estruturadas S/A, has submitted the best proposal for the concession for the expansion, operation and maintenance of the sewage system of the city of Serra in the state of Espiritu Santo (Brazil). Read more -
October 16, 2013
Mubadala and Trafigura acquires 65 % stake in Sudeste Superport
Eike Fuhrken Batista, controlling shareholder of MMX Mineração e Metálicos S.A. (MMX), has announced that he has agreed with Trafigura Pte. Ltd. and EAV Lux SarL (Mubadala Development Company), the sale of the controlling stake in an iron ore port terminal located in the State of Rio de Janeiro, Brazil, with an initial capacity to handle 50 million tons of iron ore per year, known as the Sudeste Superport. Read more -
October 17, 2013
CCR signs US$1.7 billion Salvador metro PPP contract
The Government of state of Bahia and Companhia de Concessões Rodoviárias (CCR) signed on October 15th the PPP contract for the implementation and operation of the metro system of Salvador de Bahia and Lauro de Freitas. The contract is the start of a 30-year concession. Read more -
October 21, 2013
Minas Gerais tenders Belo Horizonte waste PPP project
Minas Gerais has launched tender documents for the administrative concession involving treatment of solid waste in Metropolitan Region of Belo Horizonte. Read more
