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Telefónica Deutschland sets range on $2.2bn float

Spanish telecoms group Telefónica set the price range for the IPO of its German unit on Tuesday, valuing the deal at up to €1.68bn ($2.2bn). The parent hopes to sell 258m shares if the greenshoe is used, representing 23.17% of the company, at €5.25-€6.50 each.

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