CANTV shares listed on Caracas Stock Exchange from this week

As per local press reports, shares equivalent to a 5% stake in Venezuelan state telco CANTV were listed on the Caracas Stock Exchange yesterday (21 September). The four-phase placement is scheduled to run until 21 October. In total, CANTV intends to offer 39,357,042 Class D shares, which are priced at VES3.20 (USD0.40) apiece, meaning the telco stands to raise around USD15.7 million from the listing.