Bloomberg News

Ferreyros Seeks to Raise $63 Million From 1st-Qtr Share Offering

January 03, 2012

Jan. 3 (Bloomberg) -- Ferreyros SA, the Peruvian distributor for Caterpillar Inc., said it seeks to raise $63 million from a first-quarter share offering.

The sale of up to 75 million shares, the first offering in 15 years, will help finance the company’s expansion plans, Chief Executive Officer Mariela Garcia de Fabbri said today in a corporate filing. Lima-based Ferreyros’ sales jumped 40 percent to $1.4 billion last year, the company said.

To contact the reporter on this story: Alexander Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: Alexander Emery at aemery1@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus