Belgacom valued at up to EUR9.3 billion for IPO valuation

8 Mar 2004

Belgacom will sell its shares at between EUR23 and EUR26.5, valuing its stock ahead of its forthcoming IPO at up to EUR9.3 billion (USD11.34 billion). The public offering is expected to start on 22 March and is being driven by the Belgian company’s international shareholders – SBC, SingTel and TDC – which are hoping to sell their combined 46.9% stake in the listing.

Belgium, Proximus