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Martifer says IPO retail, tranche 170 times oversubscribed


Published : Thu, 21 Jun 2007 10:54
By : Agencies
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LISBON (Thomson Financial) - Mota Engil SGPS affiliate Martifer SGPS said that its offer of 6.25 mln shares for small investors and employees in the IPO of 25 pct of its share capital was 169.9 times oversubscribed as of June 20.

Martifer is offering 18.75 mln shares to institutional investors, and 6.25 mln shares for retail investors and employees at 6.5-8.0 eur per share.

The company is expected to announce the results of the bookbuilding process for its IPO on June 25, together with the final price of its shares, with the stock expected to debut on the Euronext Lisbon stock exchange on June 27.

luis.morais@thomson.com

lm/hjp

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