PPR Plans €1B IPO For African Unit
PPR said in a statement Tuesday that it will sell 31 million shares of CFAO, representing 50.4 percent of the share capital and voting rights in the subsidiary.
The company set a price range of €24.80 ($36.84) to €29 ($43.08) per share, and began the offering on Tuesday, PPR said.
The offering is expected...
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