Telecom Italia conquers liquidity problems with Eu558m sale of Telekom Austria stock

08 Nov 2002

Telecom Italia raised Eu558m on Monday when it sold a 15% stake in Telekom Austria, which represented an impressive 311 days' trading in the stock. JP Morgan and Merrill Lynch lead managed the issue, with Lehman Brothers as a co-lead. The placing was over three times covered ...

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