Mexico's Jose Cuervo prices February 8 IPO at up to 34 pesos/share

Jose Cuervo, the world's biggest tequila maker, will raise US$706.5 million at the middle of the share price range
A bottle of Jose Cuervo Tequila rests on a shelf in Mexico City December 11, 2012. REUTERS/Edgard Garrido
25/01/2017
15:05
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Mexican tequila giant Jose Cuervo will offer 476.6 million shares, priced at between 30-34 pesos per share, in its long-delayed Feb. 8 initial public offering, according to an investor presentation seen by Reuters on Wednesday.

Jose Cuervo, the world's biggest tequila maker, will raise US$706.5 million at the middle of the share price range, according to the presentation.

The document added that Aranda, a subsidiary of Singaporean investment company Temasek, had committed to subscribing to 20 percent of the offer, as long as the price per share remained within the range.

Temasek and Jose Cuervo did not immediately respond to requests for comment.

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