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Grameenphone share sale shrinks to $125 million
Equities
Grameenphone share sale shrinks to $125 million
By
Daniel Inman
|
6 October 2008
Keywords:
grameenphone
|
ipo
|
citi
|
muhammad yunus
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Initially billed as the deal that would kick-start Bangladesh's capital markets, the size of the deal has more than halved.
The pending sale of shares in Grameenphone, Bangladesh's largest mobile phone company, has shrunk in size to $125 million from the $300 million that had been originally proposed, according to a source.
The total deal, which will precede a domestic listing, was initially to be broken into two $150 million chunks: a pre-IPO private placement aimed largely at international investors and an initial public offering of primary shares in Bangladesh. The private placement has now dropped to $50 million and been extended until the end of October – though it has an upsize option subject to ...
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