Tupy Eyes April FO

Brazil’s Tupy is targeting an April pricing for its equity follow-on, according to a regulatory filing, following a roadshow that it expects to begin in March. The iron parts manufacturer plans to offer primary shares, as well as secondary shares offered by BNDES and the Previ and Telos pension funds. A size has not been indicated. Banco do Brasil, BTG Pactual, Citi and Itau are managing the sale.