French logistics giant Gefco has applied to the Paris Euronext stock exchange to launch an initial public offering (IPO) next year.
The group, currently 75% controlled by Russian Railways and 25% by carmaker Peugeot (PSA), this morning delivered its Document de Base to France’s financial authority (AMF) for approval for the IPO.
It said that Russian Railways was looking to reduce its stake to below 50%, while Peugeot was likely to own …

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Source: The Loadstar