Czech AAA Auto seeks up to 44 mln euros in IPO

29.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Czech used car dealer AAA Auto plans to raise up to 44 million euros in an initial public offering (IPO) in Prague and Budapest next month, a...

...document obtained by Reuters showed on Wednesday.

The document, obtained from a market source and confirmed by a second, said AAA would issue up to 17.76 million new shares, plus up to 1.78 million in an overallotment option in the IPO.

The maximum price has been set at 2.25 euros, the document said. The offering should be finished on September 21 and the shares are expected to make their market debut in Prague on September 24. The first official trading day on both markets is September 26.

The free-float would be up to 28.1 percent, the document said. Patria Finance is the lead manager.

A spokesman for AAA declined to comment until a news conference scheduled for 10.30 a.m. (0830 GMT). Officials at Patria were not immediately available for comment.

[PRAGUE/Reuters/Finance.cz]

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