Novem Group to price IPO at the bottom of the range

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Novem Group to price IPO at the bottom of the range

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2E36NT7 Person holding smartphone with logo of German automotive supplier Novem Car Interior Design in front of website. Focus on mobile phone screen. | Alamy Stock Photo

The IPO of Novem Group, the German car parts supplier, is set to be priced at €16.50 a share, according to sources close to the deal.

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