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InterCement looking at IPO of up to US$1 billion in Brazil


RIO DE JANEIRO, BRAZIL - InterCement has hired banks for an initial public offering (IPO) of its operation in Brazil, which aims to raise between US$500 million and US$1 billion, according to sources close to the matter.
The cement maker is working with Bradesco BBI, Itaú BBA, UBS BB Investment Bank, JPMorgan Chase and Bank of America on a potential IPO on B3 exchange, sources said, asking not to be identified because the information is not public.
InterCement raised the possibility of an IPO of its Brazilian operations in its fourth-quarter 2020 earnings report, saying at the time . . .
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UBS BB Investment Bank and Banco Patagonia Announce a Commercial Agreement for Investment Banking Services in Argentina


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Today, UBS BB Investment Bank ( UBS BB ) and Banco Patagonia announced an agreement to provide clients in Argentina with enhanced access to leading investment banking services and international capital markets, in accordance with applicable regulatory requirements. The agreement combines UBS BB s global and regional platform and experience with Banco Patagonia s robust capabilities and strong relationships across Argentina.
Working together, UBS BB, through its subsidiary UBS Trading S.A.U., and Banco Patagonia will be positioned to become a top provider of investment banking services in Argentina, with one of the most extensive coverage footprints in the country. The agreement will also expand client access to M&A and advisory services, international debt and equity capital markets, and a broad global network of corporates and investors. ....

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