Czech-based defence steadfast Czechoslovak Group (CSG) is offering up to 15.2% of the institution successful an archetypal nationalist offering of caller and existing shares, giving it a marketplace capitalisation of 25 cardinal euros
($29.19 billion), CSG said successful its prospectus connected Tuesday.
The connection terms is 25 euros per share, according to the prospectus. The offering consists of 30 cardinal caller shares and up to 122 cardinal existing shares including an over-allotment, which are held by CSG's owner, Czech billionaire Michal Strnad.
CSG, 1 of the world's fastest-growing defence firms, announced its volition to interval shares successful Amsterdam past week, and the IPO is apt to go the largest planetary defence listing by funds raised.
Assuming the over-allotment is exercised, Strnad is acceptable to gain nett proceeds of astir 3 cardinal euros from the deal, and the institution a nett 724 cardinal euros, according to the prospectus.
Trading successful the shares is expected to commencement connected Friday, according to the timeline successful the prospectus.
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