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Merrill wins third European IPO this month

Zentiva, the Czech pharmaceutical group, has appointed Merrill Lynch to lead its $200m (€166m) flotation in June, the bank's third European initial public offering mandate in three weeks.

Merrill Lynch will also lead two UK flotations: the £600m (€889m) issue for Admiral Group, the car insurer, and the £1.3bn listing of Premier Foods.

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