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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (2019)	11/14/2005 8:24:42 PM
From: TobagoJack	Respond to of 217792

... ordered the book, figuring on reading it during the next holiday in the tropics, say Chinese Lunar New Year in late January

To: Seeker of Truth who wrote (2019)	11/17/2005 3:06:02 PM
From: elmatador	Respond to of 217792

Cosan SA (CSAN3.BR), USD350 million from its initial public offering of shares on the Brazilian Stock Exchange, or Bovespa, the company said in a statement Thursday. Brazil's Sugar Group Cosan Raises BRL770.2 Million In IPO SAO PAULO -(Dow Jones)- Brazil's largest sugar and ethanol group, Cosan SA (CSAN3.BR), raised 770.2 million Brazilian Reals ($350 million) from its initial public offering of shares on the Brazilian Stock Exchange, or Bovespa, the company said in a statement Thursday. Cosan sold a total of 16.04 million shares, priced at BRL48.00. The price was above the company's initial expectations, which ranged between BRL40.00 to BRL46.00 per share. The shares were offered to investors in Brazil and also in the U.S. under 144A rules. The company could offer an extra lot if there was sufficient demand, it said in the release. Morgan Stanley (MWD) and Credit Suisse First Boston (CSF.YY) are coordinating the offering. The shares, which will start trading in Nov. 18, will be listed under the Novo Mercado mechanism, Bovespa's most rigorously regulated market. To qualify, a company must sell a minimum stake of 25%, while 100% of the company's shares must be common rather than preferred shares. Cosan's IPO was welcomed by local investors amid positive sentiment about the industry. Brazil's sugar and ethanol industry is currently riding a wave of domestic and international demand for ethanol, a fuel alternative to gasoline, on top of perennially strong demand for its sugar. The success in Brazil of flex-fuel cars, which can run on any mixture of gasoline or ethanol fuel, will cause local demand for ethanol to rise 80% to around 25 billion liters by 2013, according to industry studies. Exports are also expected to jump 250% to around 5 billion liters per year by 2013. (ELMAT:By buying Caribbean facilities!) Brazil is the world's largest producer and exporter of sugar and ethanol. Cosan said in its preliminary prospectus about the offer that it will use the money to pay existing debts and to invest in expansion.