Friday, June 10, 2016

ASR and Basic-Fit make entrance on Fair Amsterdam – NU.nl

The Dutch government sells a stake of up to 40 percent in ASR, the former insurance company of Fortis, which was nationalized in 2008 forced. That gives the Treasury to 1.2 billion euros.

Based on the issue price of 19.50 euros per share, the total valuation of TCS from 2.9 billion euros. That’s less than the 3.6 billion paid by the State in 2008 for the insurer.

That does not mean that the government will suffer a loss. That depends on how the share price develops the next time

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Basic Fit

The flotation of Basic-Fit is of a smaller caliber. The operator of gyms has an introductory price of 15 euros per share. The IPO proceeds is to repay debt

The price per share shall confer Basic Fit a market capitalization of 820 million euros and a so-called enterprise value of 994 million euro

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By: Reuters

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