Lala IPO expected next week

10/8/2013 | Reuters

Mexican dairy company Lala, one of the largest in Latin America, will price its nearly $1 billion initial public offering next week, the company announced on Monday. Lala plans to issue up to 511 million shares priced between 23.50 and 27.50 pesos per share, more than 18% of the company, in an effort to raise capital, expand distribution and pay debts.

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