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Tele Columbus shares to start trading at EUR 10 each

Friday 23 January 2015 | 07:26 CET | News
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Shares in German cable operator Tele Columbus well start trading at EUR 10 each, the mean value of the IPO price range of EUR 8 and EUR 12. Admission to trading on the regulated market of the Frankfurt Stock Exchange is planned for 23 January. The offer consists of the sale of up to 37,500,000 new shares from a capital increase, up to 15,272,500 existing shares from holdings of Tele Columbus management and up to 3,750,000 shares for a potential over-allotment. Tele Columbus said the proceeds to the company will be used to reduce its debt and provide additional financial flexibility to

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Categories: Fixed
Companies: Tele Columbus
Countries: Germany
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