…IPO “could raise €463.5M”

News-in-print

According to Bloomberg, Kohlberg Kravis Roberts & Co (KKR) and Siemens plan to raise as much as €463.5M selling shares of Demag Cranes AG (including Gottwald Port Technology). Up to 14.95M shares will be sold for between €26 and €31each, including 1.95M in case of extra demand. Subscription takes place between June 7 and 19, with shares of the company, to be based in Dusseldorf, starting trade on June 20 in Frankfurt.

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