Ice Group plans to raise NOK 3 billion through IPO in Oslo

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(Telecompaper) Ice Group said it plans to hold an initial public offering (IPO) of its ordinary shares and apply for a listing on the Oslo stock exchange. It expects to issue new shares to raise gross proceeds of approximately NOK 3.0 billion prior to the exercise of an overallotment option. Current majority owner Access Industries intends to remain a substantial shareholder after the IPO and will not sell any shares in connection with the offer.
Source: Industry News (syndicated from Telecompaper.com)

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