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Top UK Stocks to Watch: 888 shares soar after dividend hike

Top UK Stocks to Watch: 888 shares soar after dividend hike
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Vantage Towers AG: IPO Price Range

Vantage Towers AG: IPO Price Range Düsseldorf (pta006/09.03.2021/07:00) - NOT FOR DISTRIBUTION OR ANNOUNCEMENT, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR ANNOUNCEMENT WOULD BE UNLAWFUL   9 March 2021                                                                                                               Vodafone and Vantage Towers set price range for planned IPO of Vantage Towers at €22.50 to €29.00 per share Digital Colony and RRJ have agreed to buy €950 million of shares at the offer price Price range implies a total market capitalisation for Vantage Towers of €11.4 billion to €14.7 billion  Base offer size of €2.0 billion  Flexibility to upsize final offering by up to 40% of the base offer size, to €2.8 billion, through the exercise

Vodafone Towers unit set for €14 7bn valuation

British mobile phone giant Vodafone on Tuesday announced the price range for the upcoming German stock market flotation of its towers business, valuing the unit at up to €14.7 billion. The float of up to one-quarter of Vantage Towers comes amid increasing demand for mobile telecommunications connectivity across Europe, driven by data growth, 5G roll-out and regulatory coverage obligations. Increasing demand for mobile telecommunications connectivity across Europe, driven by data growth, 5G roll-out and regulatory coverage obligations Mobile phone giants are also floating or selling off their tower businesses in order to slash debt. RELATED STORIES German-headquartered Vantage Tower will have its first day of trading on the Frankfurt stock market on or around March 18, with a price-per-share range of between €22.50 and €29, Vodafone said in a statement.

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