Camargo Correa Real-estate Unit To List

Brazil’s Camargo Correa Desenvolvimento Imobiliário, the real-estate unit of local conglomerate Camargo Correa is planning an IPO via Bovespa to join the burgeoning real estate sector listing on the exchange. The company is planning to sell up to 36 million common shares at an expected price of between 12.00 reais and 16.50 reais per share ($5.6-$7.8). Trading is due to start on January 31. Shares will be sold in Brazil and also to qualified investors in the U.S. under rule 144A in the form of global depositary shares. Credit Suisse will lead.