Fraikin backers set float price range

The private equity backers of Fraikin, a French truck hire company, have set a price range for a Paris listing, which at the top would raise €600m ($790m), in the country's second buyout-sponsored equity issue announced this month.

Eurazeo, Crédit Agricole's Paris-listed investment arm, and Pragma Capital, a private equity fund, are potentially selling a combined 69% stake in the company. If shares price at the top of the indicated range, the offering will raise €601m, including an over-allotment option.

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