(updates with valuation of Galp and amount govt will receive)
LISBON (AFX) - The Finance Ministry announced that it set a final price per share of 5.81 eur, above the midpoint of the 5.06-6.12 eur indicative range, for the government's initial public offering of a 23 pct stake in Portugal's biggest oil and gas group, Lusa newsagency reported.
The offering values Galp at 4.81 bln eur and raised 1.091 bln eur for the government, Jornal de Negocios Online reported.
Galp shares are scheduled to start trading on Euronext Lisbon tomorrow.
The 23 pct stake being sold comes from the government's 30 pct holding. Galp's other core shareholders are ENI SpA with 33.34 pct, Amorim Energia with 31.6 pct and Iberdrola SA with 4 pct.
The offer comprised 190.8 mln shares. equitynext@afxnews.com tfn-lon-an COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited