CTT-Correios de Portugal

Portugal raises EUR578M in first IPO of its stake in postal service

Portugal is raising EUR578 million (USD783 million) in the initial public offering of its postal service CTT-Correios de Portugal SA. The Portuguese government is divesting its 70% stake in the mail service.

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Portugal to sell postal service in first IPO since crisis

The Portuguese government would be selling 70% of postal firm CTT-Correios de Portugal next week in its first initial public offering (IPO) since a financial crisis had hit the nation.

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