Sanepar Targets Equity

Sanepar is preparing to raise BRL797m ($360m) in equity capital, it says. The waste water utility backed by the state of Parana plans to place 62.5m shares at BRL12.75 each. It does not yet indicate the timing of the transaction. Bradesco, BTG Pactual, Credit Suisse are working on the process. Sanepar is also on the process of placing BRL300m in domestic bonds.