Santamarina y Steta advices Rassini, S.A.B. de C.V. in a follow-on public offering of
USD $87’500, 000*
Mexico City March 30, 2015. Santamarina y Steta recently advised and counseled Rassini,
S.A.B. de C.V. in a follow-on public offering.
The follow-on public offering consisted in Rassini’s 18,150,000 common shares Series “A” and 12,675,000 CPOs. The price per common shares Series “A” was set at $30.00 pesos and the price for each CPO were established at $60.00 pesos. The common shares Series “A” and CPOs were sold in the Mexican Market by Corporativo GBM, S.A.B. de C.V.
The total stock market share placement represented $1,305 million pesos (approximately USD $87,500,000).
Rassini is the largest producer of suspension components for light commercial vehicles in the world and the only vertically integrated producer of brake discs in America.
The Santamarina y Steta specialized team was led by partner Alfonso Castro, senior associate Alfonso Monroy and associate Andrés Ferrer. Graham Abogados, S.C. collaborated with the team as an external counsel for the underwriter.
*Estimated amount in US Dollars