Brazil Developer Plans Private Share Sale

Even Construtora e Incoporadora plans to raise BRL150m through a private subscription of 37.5m shares, it says. Shareholders will vote on the idea October 7. The builder raised BRL460m in an IPO last year. This year it has resorted to a BRL475m 5.5-year credit from Itau and BRL100m in 2012 debentures in the spring.