News

Grendene increases free float

30/10/2007

Brazilian producer of synthetic injected footwear Grendene is set to increase its free float by offering shares to the public in order to comply with the rules of the São Paulo stock exchange, Bovespa. Its free float is currently 19%, but must reach 25% by November according to the exchange’s 'New Market' rules. The date of the sale has not yet been set.

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