Moura Dubeux Engenharia SaBMFBOVESPA: MDNE3

Brazil's Moura Dubeux raises $91.3 million in share offering

· Issued by Moura Dubeux Engenharia Sa

Brazilian homebuilder Moura Dubeux BMFBOVESPA:MDNE3 raised 482.63 million reais ($91.33 million) in an offering that priced shares at 25 reais each, it said in a securities filing late on Thursday.

  • The price represents a discount of about 1.6% from the company's Thursday closing price.

  • Moura Dubeux said last week it had filed for the share offering.

  • It initially offered 9.65 million new shares, but an overallotment of up to 100% was also fully sold due to strong demand.

  • Moura Dubeux plans to use the proceeds to accelerate growth of its Unica SA subsidiary, strengthen its dividend program, and boost its working capital.

  • Itau BBA, BTG Pactual, Bradesco BBI, Santander and Safra acted as bookrunners.

  • Local news outlet Brazil Journal first reported the pricing on Thursday.

($1 = 5.2844 reais)

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