Aeroports de Paris yesterday launched its long-awaited initial public offering that will see the French government reduce its 100% stake in the airports operator by 28%-33%. ADP expects to raise €1.2 billion ($1.54 billion) in total, placing 30 million shares. Shares are priced at between €42 and €48.5 each for institutional investors and between €41 and €47.50 for French retail investors. Employees will be able to buy shares at between €32.80 and ...

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