Imperial Tobacco Group PLC announces offer Price for Logista

Thursday, 10 Jul 2014 01:25pm EDT 

Imperial Tobacco Group PLC:Prices IPO of Compañía de Distribución Integral Logista Holdings, S.A.U. (Logista).on June 26, 2014 Imperial Tobacco price range for planned IPO of Logista Logista.Logista says offer price has been set at 13.00 euro per share, implying market capitalisation for Logista of about 1,725.8 mln euros.Deal offer size is 36,204,545 shares, representing 27.3 pct of Logista's issued share capital on admission, and gross proceeds from IPO will be about 470.7 mln euros at Offer Price, excluding over-allotment option.Maximum deal offer size is 39,824,999 shares.Offer comprises sale of existing shares only, which are sold by Logista's shareholder Altadis S.A.U. (Selling Shareholder), indirectly wholly-owned subsidiary of Imperial Tobacco.Following the IPO, Imperial Tobacco will hold about 72.7 pct of Logista's shares, assuming no exercise of the over-allotment option, and about 70.0 pct assuming over-allotment option is exercised in full.Logista and Selling Shareholder are subject to 180 day lock-up period. 

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