Qatar Petroleum says QAMCO’s IPO more than 2.5 times subscribed

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DUBAI (Reuters) – Qatar Petroleum said on Wednesday that the initial public offering of its aluminium subsidiary QAMCO was more than 2.5 times subscribed and had now closed.

Qatar Petroleum is floating 49 percent of Qatar Aluminium Manufacturing Company.

It said it would announce the allocation of shares on Nov. 25 and QAMCO will begin trading on the Qatar Exchange in December.

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