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Oman's Nawras IPO could raise $600m
- Oman: Wednesday, September 01 - 2010 at 10:26
Oman's Nawras could raise between $550m to $600m in its long-awaited initial public offering, Reuters has reported, citing a source close to the matter. The company is to offer 260 million shares as it divests 40% of its capital but no fresh equity is being issued to investors, the source said. Nawras has a capital base of 650 million shares. The IPO is expected to launch on September 15 and will be open for a month.
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