grameenphone-share-sale-shrinks-to-125-million

Grameenphone share sale shrinks to $125 million

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 û though it has an upsize option subject to the level of demand. Meanwhile, the IPO part of the deal has been halved to $75 million, and is...
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