Investors flock to France Télécomas orders for IPO exceed Ffr400bn

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Investors flock to France Télécomas orders for IPO exceed Ffr400bn

October 10, 1997 12:00 AM

FRANCE's privatisation of France Télécom has been a runaway success, with the institutional offering to domestic and international investors closing earlier this week some 20 times oversubscribed, and the retail offer attracting 3m private shareholders by last night.

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