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FRANKFURT (Reuters) - Shares in Innogy IGY.TG are being sold at 36 euros ($40.14) apiece in the initial public offering of the group that bundles the healthy parts of ailing German utility RWE (RWEG.DE), both companies said on Thursday.
The deal gives Innogy a market capitalization of 20 billion euros. Innogy shares will start trading on Friday, Oct. 7 in what is Germany's biggest initial public offering since 2000.
Reporting by Christoph Steitz; Editing by Arno Schuetze