(Tiper Stock Exchange) – Eurogroup aims to launch an initial public offering (IPO) in February to be listed on Piazza Affari. People with knowledge of the matter told Bloomberg, saying the company has held meetings with fund managers to evaluate the question, but that deliberations are ongoing and the timing and size of the potential offer could change.
The group from Baranzate (Milan) would aim at raise about 500 million euros from the sale of its shares, for one valuation of about 1.5 billion of Euro. According to Reuters, Euro Group would instead aim for a floating from 30% to 40%to raise around €400 million in proceeds.
Euro Group operates in the sector ofelectromechanical, manufacturing and distributing rotors and stators for electric motors and generators. The company is 30% owned by French private equity group Tikehau Capital.
He finished 2021 with a sales of 650 million and one EBITDA of 50 million, relying on over 2,300 employees and 455,000 tons of processed steel.
atabroad it is present through its subsidiaries in the USA, Mexico, Tunisia, Russia, China and Japan.
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