Equity market unfazed by Hochtief’s late call to pull unit’s Eu1bn IPO

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Equity market unfazed by Hochtief’s late call to pull unit’s Eu1bn IPO

Bankers are adamant that the withdrawal of Hochtief Concessions’ Eu1bn IPO on Thursday will not take the shine off the revival of the new listing market after successful floats for Belgium’s Movetis, France’s CFAO and Italy’s Yoox raised almost Eu1bn this week.

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