UPC raises price of public offering on strong demand
Article Abstract:
United Pan-Europe Communications NV (UPC) increased the price of its public offering. UPC is an unprofitable telecommunications and cable firm based in the Netherlands. The firm said that the rise in the public offering price resulted from the strong demand of its stock. UPC could raise up to 1.29 billion euros ($1.45 billion). This would make the offering one of the largest in 1999.
Comment:
Increases price of its public offering due to strong demand
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Greek government completes OTE offer, cutting stake to 51%
Article Abstract:
The government of Greece completed the fourth offering of a 14% share of Hellenic Telecommunications Organization (OTE) on July 9, 1999. OTE shares were sold at a price of 6,500 drachmas (19.98 euros) per share. The Greek government offered up to 67,170,074 shares in OTE. The offering raised as much as 473 billion drachmas and lowered the government's share in OTE from 65% to 51%.
Comment:
Fourth offering of a 14% share of OTE completed
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Comment about this article or add new information about this topic:
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