Tuesday, April 10, 2007

UPDATE 1-Argentina's Edenor sets IPO at 15.2 million ADS

(Reuters) - The company said in an amended offering document filed with the U.S. Securities and Exchange Commission that it expected to receive $57.7 million from its share of net proceeds from the IPO. It plans to use the funds to repurchase its restructured debt and for general corporate purposes.

Edenor is planning to sell 3.74 million ADS, and shareholders are planning to sell an additional 11.42 million, the filing said.


Read more at Reuters.com New Issues News

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