Gefco delays IPO ‘until market conditions improve’

French logistics operator Gefco has shelved plans to launch an initial public offering (IPO) on the Paris Euronext exchange.
Reuters reported this week that the company had decided to delay the IPO “until market conditions improve”.
The group is 75% controlled by Russian Railways and 25% by carmaker Peugeot (PSA), and last month said the former was looking to reduce its stake to below 50%.
And PSA is likely to reduce its own …

The post Gefco delays IPO ‘until market conditions improve’ appeared first on The Loadstar.

Source: The Loadstar

Be the first to comment on "Gefco delays IPO ‘until market conditions improve’"

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *