Deals
Imperial Tobacco Intends IPO of Logista Unit in Spain
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Imperial Tobacco Group Plc plans to sell shares of its Logista unit on the Spanish stock exchange in an initial public offering that analysts estimate may value the European logistics company at as much as $2.5 billion.
Imperial Tobacco will retain a majority of the stock, while selling a portion to institutional investors, the Bristol, England-based company said today. Logista won’t receive proceeds from the sale, which is slated for the first half of July.