Brazilian Developer Raises Float

Brazil’s JHSF Participacoes has hit the 25% equity free float required by regulators, it says, through a BRL152.3m ($83.8m) follow-on sale of secondary shares. Controllers of the developer sold 26.3m shares at BRL5.83 each last week through an expedited public offering known as an advanced bookbuild. BTG Pactual managed the sale.