French new car registrations rise 2.5 pct in September - CCFA
PARIS, Oct 1 French new car registrations rose 2.5 percent year-on-year in September, boosted by growth at French car maker Renault, the CCFA automobile association said on Saturday.
MEXICO CITY Oct 7 Mexican dairy company Lala plans to price its almost $1 billion IPO on Oct. 15, according to an investor presentation made by executives on Monday.
Lala, among the biggest dairies in Latin America, is seeking to raise capital to expand its distribution and prepay some bank debt, according to regulatory filings.
Lala has a well-recognized brand name in Mexico with just over half of the country's market for milk and cream and about a third of the market for pre-packaged cheese, according to AC Nielsen figures cited by the company.
"Lala is one of the most public companies in Mexico without being public," company President Eduardo Tricio told potential investors.
The company is selling a stake of over 18 percent and plans to issue up to 511,111,111 shares, including an over-allotment option, at a price of between 23.50 pesos and 27.50 pesos a share.
The IPO could raise up to 13 billion pesos ($996.33 million).
The dairy company's IPO comes amid a record rash of stock listings in Mexico.
Oct 1 An experimental biotech drug developed by Johnson & Johnson proved more effective at clearing moderate to severe cases of the skin condition plaque psoriasis than a placebo or Abbvie Inc's big-selling Humira, according to data from a late stage study presented on Saturday.
Oct 1 Patients taking an experimental eczema drug from Regeneron Pharmaceuticals Inc and Sanofi Inc experienced significant relief in itching and in anxiety and depression symptoms, meeting secondary goals of two large studies, researchers said on Saturday.