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BRIEF-Axel Springer investor General Atlantic to place 2.1 pct stake in firm-bookrunner
June 26, 2017 / 4:03 PM / 5 months ago

BRIEF-Axel Springer investor General Atlantic to place 2.1 pct stake in firm-bookrunner

June 26 (Reuters) - Axel Springer Se: Bookrunner:

* Secondary accelerated bookbuild of 2.25mm shares, or about 2.1 percent of the company, worth about $140 million

* General Atlantic is the seller, and this represents half of their stake, there will be a 60 day lock up

* Books are now open

* Price guidance of 54.75 euros to market (1.7 pct to market)

* Bank of America Merrill Lynch is sole bookrunner Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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