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Austria's BAWAG sets IPO price at 48 eur/shr

Austria's BAWAG sets IPO price at 48 eur/shr
From Reuters - October 24, 2017

VIENNA, Oct 24 (Reuters) - Austrias BAWAG, the former trade union bank bought by U.S. private equity firm Cerberus Capital Management, said on Tuesday it had set the price for its stock market listing at 48 euros per share.

The selling shareholders will raise approximately 1.93 billion euros ($2.27 billion), the lender said in a statement.

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