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10 months ago
Innogy valued at 20 billion euros after shares priced at 36 euros apiece
October 6, 2016 / 8:32 PM / 10 months ago

Innogy valued at 20 billion euros after shares priced at 36 euros apiece

FRANKFURT (Reuters) - Shares in Innogy IGY.TG are being sold at 36 euros ($40.14) apiece in the initial public offering of the group that bundles the healthy parts of ailing German utility RWE (RWEG.DE), both companies said on Thursday.

The deal gives Innogy a market capitalization of 20 billion euros. Innogy shares will start trading on Friday, Oct. 7 in what is Germany's biggest initial public offering since 2000.

Reporting by Christoph Steitz; Editing by Arno Schuetze

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