UPDATE 2-Brazil power firm Light confirms price offering at 18.75 reais per share
SAO PAULO, July 11 (Reuters) – Brazilian power company Light SA priced its shares at 18.75 reais ($4.99) per share in a primary and secondary offering that raised 2.5 billion reais ($665.57 million), the company said in a securities filing on Friday.
The offering will increase Light’s capital stock to 4.1 billion reais ($1.1 billion), and the company will use proceeds from the sale to reduce debt, it said.
By Carolina Mandl via Yahoo Finance