Equity market round-up

Retail demand

Retail demand

Retail demand in Europe for privatized state assets is looking good. The Italian public snapped up half of the €4.1 billion placement of Enel shares sold by the Italian government on July 4. Some 657,000 retail investors bought into the deal, far more than the number who bought shares in the Italian electricity company when the government sold a €7.6 billion tranche last August.

Public demand for shares in Gaz de France was also stronger than expected.

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