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Industry, Materials & Utilities Headlines

U.S. software company Cloudera beats expectations in IPO: source

U.S. software company Cloudera Inc raised $225 million in an initial public offering on Thursday, a source familiar with the situation said, giving the company a market valuation of about $1.9 billion, a steep fall from the $4.1 billion it was once valued at in the private market.

OMV buys stake in electric car charging company Smatrics

Austrian energy and petrol station group OMV is to buy a 40-percent stake in Smatrics, a company that provides charging points for electric cars, owned by hydropower firm Verbund and Germany's Siemens , the Austrian companies said on Thursday.

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