Post by ukipa on Apr 25, 2012 19:15:52 GMT 4
Mexico’s IPO Drought Ends as Alpek Seeks Record $851 Million
Alpek SAB (ALPEK), Mexico’s largest privately owned petrochemical company, is planning the nation’s biggest ever initial public offering, ending a nine-month lull in new listings.
Alfa SAB (ALFAA), the conglomerate that also owns auto-parts and processed-foods companies, is selling a stake in Alpek after Mexico’s benchmark index rallied to a record high this month and Brazil and Colombia snapped IPO droughts. Alfa plans to raise as much as 11.2 billion pesos ($851 million) from the sale of 17.9 percent of Alpek, which makes polyester fiber used in clothing and expandable polystyrene for packing material.
Read full article...
www.bloomberg.com/news/2012-04-25/mexico-s-ipo-drought-ends-as-alpek-seeks-record-851-million-1-.html
Alpek SAB (ALPEK), Mexico’s largest privately owned petrochemical company, is planning the nation’s biggest ever initial public offering, ending a nine-month lull in new listings.
Alfa SAB (ALFAA), the conglomerate that also owns auto-parts and processed-foods companies, is selling a stake in Alpek after Mexico’s benchmark index rallied to a record high this month and Brazil and Colombia snapped IPO droughts. Alfa plans to raise as much as 11.2 billion pesos ($851 million) from the sale of 17.9 percent of Alpek, which makes polyester fiber used in clothing and expandable polystyrene for packing material.
Read full article...
www.bloomberg.com/news/2012-04-25/mexico-s-ipo-drought-ends-as-alpek-seeks-record-851-million-1-.html