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German Metal Co. Plans $739M IPO As PE Firm Sheds Shares

By Joyce Hanson (October 20, 2017, 5:50 PM EDT) -- Metal recycler Befesa SA said Friday it expects to receive as much as €625 million ($739 million) in a midrange yield for an initial public offering of about 16 million shares when the German company's main private equity investor sells shares and Befesa joins the Frankfurt stock market in November....

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