Befesa S.A. announced the company and its current owner, funds advised by private equity firm Triton, have set the price range for shares offered in its planned initial public offering between 28.00 and 38.00 euros per share. The base offer will consist of 14.308 million ordinary shares currently owned by funds advised by Triton. Additionally, the selling shareholder,Triton, will provide up to 15% of the base sale shares to cover potential overallotments. This implies a base offer volume between 461 million and 625 million euros.
The final offer price per share and the final number of shares to be sold are expected to be determined on or around 2 November 2017. Befesa's shares are expected to commence trading on the regulated market segment of the
Frankfurt Stock Exchange on 3 November 2017.
Befesa is an international provider of critical environmental regulated services to the steel and aluminium industries with facilities located in Germany, Spain, Sweden, France and the UK, as well as in Turkey and South Korea.
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