Brazilian Engineer Plans Float

Brazil’s Enesa is heard planning an IPO, according to a source familiar with the issuer’s plans. The engineer and builder active in the industrial, energy and infrastructure sectors, is said to be preparing to come to the Bovespa in the first half of the year, and to have named Credit Suisse as one of the managers. Enesa is known as a contractor for Petrobras, and would be among the first in a long line of Petrobras providers that investors and bankers expect to raise equity to support Petrobras’ pre-salt exploration.