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General

Euskaltel IPO four times oversubscribed

Tuesday 30 June 2015 | 11:09 CET | News
Spanish regional cable operator Euskaltel, operating in the Basque Country, has announced that its IPO attracted strong market interest from institutional investors and was four times oversubscribed. In a statement to Spain's market regulator CNMV, the operator confirmed its final price of EUR 9.50 per share, valuing the company at EUR 1.2 billion. Euskaltel's shares are expected to begin trading on the Spanish stock exchanges in Barcelona, Bilbao, Madrid and Valencia on 01 July. The company is owned by Basque bank Kutxabank, Spanish utility Iberdrola and investment funds Trilantic and

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Categories: General
Companies: Euskaltel
Countries: Spain
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