Brookfield Targets Mid-October Pricing

Brazilian homebuilder Brookfield Incorporacoes, formerly known as Brascan, says in a preliminary prospectus it plans to issue 85m shares October 15. At Friday’s closing price of BLR7.96, the offering, which includes 70m primary units and 15m secondary, would raise BRL677m. The company has hired Itau BBA to lead and Credit Suisse, BTG Pactual and Bradesco BBI as joint leads.