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General

RCS&RDS' offer for institutional investors fully subscribed

Monday 1 May 2017 | 08:30 CET | News
Romanian operator RCS&RDS' shares offer for institutional investors at the Bucharest exchange was fully subscribed from the first day, writes local paper Ziarul Financiar citing sources close to the transaction and official data on the market. At the same time, 43 percent of the shares in the tranche for retail investors were subscribed. A tranche of 15 percent of the shares offered in the IPO or 3.26 million is offered to retail investors, which represents about 3.4 percent of the company's share capital. RCS&RDS will sell 21.74 million class B shares during its IPO in May on the Bucharest

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Categories: General
Companies: RCS&RDS
Countries: Romania
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