Foreigners Acquired 72.5% Of Brazil's Rossi Share Offer - WSJ.com

SAO PAULO (Dow Jones)--Foreign investors purchased 72.5% of the shares offered by the Brazilian real-estate development companies Rossi Residencial SA (RSID3.BR) through a primary share offer on the Brazilian Stock Exchange, or BMFBovespa, the company said Thursday in a statement.

The company raised 928 million Brazilian reals ($545 million) from the offer. Rossi sold a total of 74.25 million shares, with each share priced at BRL12.50. Foreign investors acquired 53.86 million shares under the offer.

Credit Suisse, Bradesco BBI and Santander coordinated the operation.



-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-2847-4521; rogerio.jelmayer@dowjones.com"