Friday, July 20, 2007

Brazilian Companies Sell Another $1.2 Billion of Stock, Adding to Record

(Bloomberg) -- MRV Engenharia & Participacoes SA, and
three other Brazilian companies sold shares in public offerings
today, adding to a record-breaking year for share sales in the
country.

The companies raised 2.3 billion reais ($1.24 billion) today,
for a total of 36.4 billion reais in initial and secondary
offerings this year.


Read more at Bloomberg Emerging Markets News

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