Direcional announces a stock offering to support growth

Direcional announced on Thursday a primary offering of, initially, 20 million new shares, which will have the resources intended to support the growth of the construction company and the optimization of its capital structure.

To meet any excess demand, the initial offer may be increased up to 17.5% (up to 3.5 million shares).

Considering the closing price of the shares of the day before, of 18.38 reais, the follow-on reaches 431.93 million reais, considering the placement of all further shares. The offer should be listed on the 29th.

Itaú BBA, XP, Bradesco BBI and Santander Brasil are the coordinators of the operation.

Source: Terra

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