Bloomberg | May 10, 2011 | Adam Haigh and Manuel Baigorri
Telefonica SA (TEF)’s Atento call-center unit will sell new shares in an initial public offering as the Spanish parent company seeks to reduce debt and focuses on Latin America to offset declining domestic market share.
The stock price will be set by about June 9, according to the terms of sale obtained by Bloomberg News today. Atento has an enterprise value of as much as 1 billion euros ($1.43 billion)……
Read full article here via Bloomberg
