Logistics Operator Eyes IPO

Ouro Verde, a Brazilian fleet outsourcing provider, is targeting the second half of the year for an IPO that could raise up to BRL1bn ($495m), according to a company spokeswoman. It is in the process of selecting banks, which could be finished by the end of this month. Ouro Verde is raising funds to repay debt and invest in its fleet. It also plans to reorganize the structure, putting the Martini Meat and Ritmo Logistica units under the holdco.