The Portuguese government plans to sell shares to raise more than 430000000 euros Portugal post

The Portuguese government said in November 19th, plans to sell the Portuguese postal group (CTT-CorreiosdePortugal) 70% of the shares to raise at least 430000000 euros.
At the beginning of 11, the Portuguese national asset management agency (Parpublica) has formally decided on Euronext Lisbon (EuronextLisbon) to the initial public offering (IPO) way to start CTT projects. The government of Portugal said, the initial public offering, Parpublica will hold 30% stake in Portugal post group.
The government of Portugal, Portuguese postal group shares will be available in a 4.10-5.52 euro per share price, the total value of about 828000000 euros, and employees will be allowed to buy 5250000 shares of Portugal postal group shares.
This is the second Energias de Portugal (EDP-EnergiasdePortugalSA) completed the equity diversified in 2008 June, Portugal and state-owned enterprises to achieve equity diversification.
Portugal postal group CEO FranciscoLacerda said, expected initial public offering will be carried out in early 12.
MYEX Minya Express International
2013-11-21