Uniqa share sale to price at 8 eur at least - sources
08/10/2013 17:25
FRANKFURT, Oct 8 (Reuters) - Austrian insurer Uniqa UNIQ.VI will price its share sale at a minimum of 8 euros per share in a bid to raise around 800 million euros ($1.1 billion), two sources close to the deal said on Tuesday. Uniqa's "re-IPO" - so called because it will raise the free float from just 7 percent - is set to be the biggest deal on the Vienna Stock Exchange since the 411 million-euro initial public offering (IPO) of aluminium group AMAG AMAV.VI in April 2011. ID:nL5N0HJ0M9 The pricing lands in the middle of a proposed band of 7.50 to 8.50 euros and was "well oversubscribed," said one source close to the deal. Uniqa said in a statement earlier this year that it aimed to sell up to 101 million shares to boost its capitalisation and grow. ($1 = 0.7355 euros) (Reporting By Alexander Huebner Writing by Thomas Atkins; Editing by Victoria Bryan) ((Thomas.Atkins@thomsonreuters.com)(+49 69 7565 1508)(Reuters Messaging: thomas.atkins.reuters.com@thomsonreuters.net)) Keywords: UNIQA SHARES/