Jan 17 (Reuters) - National Australia Bank Ltd (NAB) :
- Demerger & IPO of cybg -IPO marketing & proposed price range
- Is pursuing demerger of 75% of cybg to nab shareholders and a divestment of remaining 25% by IPO to institutional investors
- Says proposed IPO price range has been set at between 175 pence and 235 pence per cybg share
- Says final IPO price will be determined by IPO book-build process and is expected to be announced on 2 February 2016
- May elect not to proceed with IPO or to only proceed with a partial IPO, in which case nab will retain a shareholding in cybg
- Says range equates to a cybg market capitalisation of approximately £1.54 billion to £2.07 billion
News: NAB National Australia Bank updates on demerger & IPO of CYBG
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$43.54 |
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Mkt cap ! $133.3B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 305 | $43.53 |
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| Price($) | Vol. | No. |
|---|---|---|
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