Iron ore miner, Ferrous Resources do Brasil Ltda., is seeking to raise about $600 million in a London initial public offering, according to sources close to the company.
JPMorgan Cazenove Ltd., Morgan Stanley and Deutsche Bank AG are said to be lead arrangers for the IPO while BMO Capital Markets, Liberum Capital Ltd. and RBC Capital Markets are co- lead arrangers of the sale. The company is looking to sell its shares as soon as the end of next month,
Ferrous, which was formed in 2007, is looking to build the $3 billion first stage of the Viga mining project in the Brazilian state of Minas Gerais.
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