neuf Cegetel IPO two-times oversubscribed

19 Oct 2006

neuf Cegetel’s initial public offering (IPO) was two-times oversubscribed as of yesterday morning, writes Les Echos without naming sources. The French alternative operator, which is backed by Vivendi and Vodafone Group, is offering the shares at between EUR19 and EUR22.08 each with a view to raising EUR761 million, including EUR201 million from a capital increase. The IPO began on 11 October and is due to end on 24 October.

France, neuf Cegetel, Vodafone Group