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Deals

Brazilian luxury homebuilder CFL files for potential IPO

SAO PAULO (Reuters) - CFL Inc, a luxury homebuilder in southern Brazil, filed a preliminary prospectus with securities regulators on Monday for a potential IPO.

According to the prospectus, the deal would involve both primary and secondary share offerings and is set to be coordinated by Banco Itau BBA SA, Banco Santander Brasil SA SANB3.SA, Banco BTG Pactual SA BPAC3.SA and XP Inc XP.O.

The company, based in Rio Grande do Sul state, said it plans to use the proceeds of the offering on construction, as well as general and administrative expenses.

Reporting by Aluísio Alves, writing by Gram Slattery; Editing by Himani Sarkar

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