Anhanguera Readies Secondary Equity

Brazilian educational holding company Anhanguera Educacional has filed to issue up to 33.4m BDR shares. The offering, being led by Itau BBA and BofA Merrill, includes a sale of 29m secondary shares belonging to controlling shareholders and up to 4.4m hot issue shares. At the BRL22.00 Monday closing price, the company would raise BRL735m if it succeeded in placing all of the units. Anhanguera recently completed a sale of BRL190m in 2012 debentures and BRL10m in 2014 notes via Itau BBA.