Argentina May Have First IPO of 2011, El Cronista Comercial Says

By Rodrigo Orihuela
Aug. 17 (Bloomberg) -- Ovoprot International SA, a maker of egg-based food products, may hold the first initial public share offering in Argentina in 2011, El Cronista Comercial reported, without saying how it obtained the information.

Ovoprot will offer 3.3 million shares, or a 20 percent stake in the company, to raise about $8 million, the Buenos Aires-based newspaper said. The listing would make Ovoprot, which exports products including liquid egg, the second company in the Buenos Aires Stock Exchange's so-called Pyme index, where small and medium-sized companies trade, El Cronista said. cronista did not say when the offering will take place.

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