Mexico's Pinfra raises $570 million in offering

Promotora y Operadora de Infraestructura, a Mexican infrastructure company, closed a stock offering worth more than $570 million.

The company, known as Pinfra, which operates 15 highway concessions and one port, sold 42,970,485 shares at $13.28 each.

Including a so-called greenshoe option that could see the banks that worked on the offering buy more shares, Pinfra could raise up to $656.81 million, according to the offering prospectus.



Source: Reuters