Scout24 trades up after Deutsche Telekom exit

By John Loh
21 Jun 2017

An overnight share sale in Scout24, the Berlin-based digital classified advertising group, was priced at a 6% discount on Tuesday, raising €331.7m for the vendors.

Global coordinator Barclays and bookrunner Morgan Stanley launched the trade for Deutsche Telekom and a group of shareholders at 4.40pm UK time.

The deal comprised 10.3m shares, a 9.3% holding. The accelerated bookbuild was a clean-up for Deutsche Telekom of its entire 10m shares. The remaining 0.3m shares ...

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