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4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Aliansce Shopping Centers SA    ALSC3   BRALSCACNOR0

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Brazil's Aliansce Shopping Centers Seeks up to $200 Million in Share Sale

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12/03/2012 | 11:23am CEST
   By Rogerio Jelmayer 
 

SAO PAULO--Brazilian shopping-center operator Aliansce Shopping Centers SA (>> Aliansce Shopping Centers SA) is planning a share sale that could raise up to 420.6 million Brazilian reais ($200 million), as it seeks fresh funding for the expansion of its business activities.

The company will sell up to 19.25 million shares on Dec. 10 and Dec. 11, it said in a statement Monday.

Based on the company's Friday closing price of BRL21.85, it could raise up to BRL420.6 million.

Proceeds will be used to acquire stakes in shopping centers across the nation, develop new units and expand some of its existing operations, the company said.

Banco Itau BBA, Banco Bradesco BBI, Banco BTG Pactual and Credit Suisse will coordinate the operation.

Aliansce is controlled by U.S.-based General Growth Properties Inc. (>> General Growth Properties Inc), which raised its stake in the company to 45.6% from 31.44% for $195.2 million in August.

Aliansce owns interests in 18 malls, three of which are under development, with a total gross leasable area of about 6.5 million square feet.

Write to Rogerio Jelmayer at rogerio.jelmayer@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Latest news on ALIANSCE SHOPPING CENTERS
07/18 ALIANSCE SHOPPING CENTERS : Beginning of the succession process of its Chief Ope..
07/10 ALIANSCE SHOPPING CENTERS : Consolidated Form CVM 358 – June/2017
07/10 ALIANSCE SHOPPING CENTERS : Trading of Securities by the Company - June/2017
06/22 ALIANSCE SHOPPING CENTERS : 2017 Corporate Events Calendar
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06/12 ALIANSCE SHOPPING CENTERS : Trading of Securities by the Company - May/2017
05/11 ALIANSCE SHOPPING CENTERS : entered into an agreement to purchase 100…
05/10 ALIANSCE SHOPPING CENTERS : appoints Rafael Sales Executive Vice Presid…
05/10 ALIANSCE SHOPPING CENTERS : Consolidated Form CVM 358 – April/2017
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News from SeekingAlpha
08/10 Aliansce Shopping Centers SA reports Q2 results
05/11 Aliansce Shopping Centers SA reports Q1 results
Financials ( BRL)
Sales 2017 537 M
EBIT 2017 306 M
Net income 2017 88,0 M
Debt 2017 1 556 M
Yield 2017 0,99%
P/E ratio 2017 33,11
P/E ratio 2018 25,16
EV / Sales 2017 9,28x
EV / Sales 2018 8,59x
Capitalization 3 430 M
Chart ALIANSCE SHOPPING CENTERS
Duration : Period :
Aliansce Shopping Centers  Technical Analysis Chart | ALSC3 | BRALSCACNOR0 | 4-Traders
Technical analysis trends ALIANSCE SHOPPING CENTERS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 16,0  BRL
Spread / Average Target -5,6%
EPS Revisions
Managers
NameTitle
Renato Feitosa Rique Chief Executive Officer & Director
Délcio Lage Mendes Chairman & Chief Operating Officer
Renato Ribeiro de Andrade Botelho Chief Financial & Investor Relations Officer
Carlos Alberto Vieira Independent Director
Peter Ballon Director
Sector and Competitors
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ALIANSCE SHOPPING CENTERS SA16.61%1 092
UNIBAIL-RODAMCO-5.71%25 110
EMAAR MALLS GROUP PJSC-7.63%8 611
FORTRESS INCOME FUND LTD20.18%4 735
MULTIPLAN EMPREENDIMENT. IMOBILIARIOS SA21.16%4 296
AEON MALL CO., LTD.23.83%4 241