Reuters – CVC Appoints Banks for Belgium Offering

Private equity group CVC Capital Partners has appointed nine banks for its planned sale of 25 to 30 percent of Belgium's postal service bpost on the stock market, Reuters reported. The flotation, expected in the coming months, would be the first sizeable initial public offering in Brussels since biotech firm Movetis raised 85 million euros ($109 million) at the end of 2009 and the largest since zinc smelter Nyrstar raised 1.74 billion euros in 2007.

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