Aliansce Targets BRL500m FO

Brazil’s Aliansce is targeting a BRL500m ($246m) for a follow-on equity offering in December, according to regulatory documents. The shopping center operator is looking for funds to acquire, develop and expand malls. It expects to begin roadshowing the all-primary share offer December 3, ahead of a December 12 pricing. Bradesco, BTG Pactual, Credit Suisse and Itau are managing the sale.