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First Nordic float for two years raises €488m

Private equity investors make six times their investment in Oriflame

Oriflame Cosmetics, the Swedish comestics company, has raised Skr4.5bn (€488m) at its IPO and shares were trading up 10.5% on Wednesday in the first Nordic initial public offering for two years.

Carnegie, the Nordic investment bank, and Merrill Lynch were joint global coordinators and joint bookrunners of the offer.

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