RPT-Czech AAA Auto IPO priced at 2.0 euros/share

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PRAGUE (Reuters) - Shares in Czech used car dealership AAA Auto were priced at 2.0 euros in an initial public offering on Friday, lead manager Patria Finance said.

The price values the offer at 35.52 million euros ($50.12 million), including an over-allotment option, and the entire company at 139 million euros.

The maximum price in the offering had been set at 2.25 euros per share, with 19.53 million new shares on offer.

Patria declined to say how many shares had investors asked for in the IPO, the first on the Prague bourse this year.

Trading in AAA is expected to start on the Prague bourse on Monday and in Budapest on Wednesday.

The share will be traded in the most liquid, market-maker based SPAD Prague bourse segment, and will be the smallest issue there.

Australian Anthony Denny remains majority shareholder of AAA Auto after the offering, holding 71.9 percent. Investors bought 28.1 percent in the IPO.

The company said on Thursday it was considering another share offering in Warsaw in 2009.

AAA has been growing around the region and now has 33 dealerships in the Czech Republic, Slovakia, Romania, Hungary and Poland.

It sold 61,939 cars last year and had revenue of 348.4 million euros. The company expects net profit to rise 15 percent this year to 8 million euros.