Wilson Sons Plans BDRs

Wilson Sons shipping agency, headquartered in Bermuda, is to issue Brazilian depositary receipts (BDRs) via an IPO on the local Bovespa exchange. The company will issue 11 million shares via a primary offering and 11 million BDRs through a secondary offering. The shares will be sold in Brazil and also to qualified foreign investors under rule 144A. The company will be only the fourth company to issue BDRs and joins Spain’s Telefónica, investment fund GP Investments and Swiss retailer Dufry. Credit Suisse is coordinating.