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RCS&RDS could raise 390 to 540m $ in London |
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Written by Broker Castellano
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Wednesday, 24 October 2007 |
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On November 6, RCS&RDS will put up for sale on the London Stock
Exchange 74.436 Global Depositary Receipts (GDR, representing its
non-voting preference shares), at a price ranging between 5.25 and 7.25
dollars.
The
telecom operator could raise between 390 million and 540 million
dollars, with the price of RCS&RDS securities set depending on
demand. At present, the global stock markets are experiencing decline,
which could influence the price of RCS&RDS' GDRs will be quoted.
The
operator plans to use the funds from London to enter other markets in
the region, and develop its mobile telephony network in Romania.
The offer also includes an overallotment option for 4.
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