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General

Telefonica raises EUR 1.5 bln in German unit IPO

Tuesday 30 October 2012 | 07:03 CET | News

Telefonica reports that the shares offered to the market in the IPO of its subsidiary Telefonica Deutschland were placed at a price of EUR 5.60 per share, from EUR 5.25-6.5 previously. The price range was earlier narrowed to EUR 5.50-6.00. The total volume of the offering amounts to 258.75 million shares (including 33.75 million over-alloted shares in connection with the greenshoe option granted to the underwritters).

The total placement volume of the offering, including the greenshoe option represents 23.17 per cent of the share capital of Telefonica Deutschland. Upon full exercise of the greenshoe option, the placement volume would amount to EUR 1.449 billion.

The first day of trading of the shares of Telefonica Deutschland on the regulated market (Prime Standard) of the Frankfurt Stock Exchange is expected to be 30 October.


Categories: General
Companies: Telefonica Deutschland / Telefonica- Movistar
Countries: Germany
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