LLX, Biocapital File for Bovespa Listings

LLX, the logistics unit of MMX Mineração e Metálicos, plans to IPO on the Bovespa and list GDRs, via Credit Suisse. LLX, which operates ports and other logistics-oriented infrastructure, is 30% owned by a fund controlled by Eike Batista, a billionaire executive in Brazil who’s started up a number of large scale projects in the country’s infrastructure, mining and engineering space. Ontario Teacher’s Pension Plan in July purchased 15% stake in LLX for $185m. Separately, Biocapital, an ethanol and biofuels company, also filed this week to go public via Itaú BBA and UBS Pactual. The company was formed in 2005 and plans a local listing only.