Port Operator Targets Lima IPO

Andino Investment Holding is planning to raise as much as $60m-equivalent in a January 17 share offering. The port operator is looking to sell 15m-30m shares, heard likely to come at around PES5.10 each. If the full amount is sold at this price, the issuer is looking at raising PES153m ($57m). Proceeds would be used to reduce debt and for expansion projects. BCP is managing the sale. Andino borrowed $85m from Goldman Sachs last year to purchase fellow port operators Neptunia and Agencia Maritima.