Sixt Leasing IPO to raise 263 mln euros

Allane SE

24/04/2015 15:13

FRANKFURT, April 24 (Reuters) - The flotation of Sixt 
Leasing  IPO-SLE.F  is to raise as much as 263 million euros 
($284.7 million), part of which the car leasing firm will use to 
fund growth and improve profitability, according to parent 
company Sixt  SIXG.DE . 
    Investors will be offered up to 12.37 million shares in Sixt 
Leasing in the initial public offering (IPO), of which up to 
5.59 million will be new shares and as many as 5.17 million will 
be existing shares owned by parent Sixt. 
    Sixt is hiving off and listing its leasing unit to focus 
more on its core business of renting out cars, but it plans to 
keep between 40 and 50 percent of the business.  ID:nL5N0XB0XS  
    ($1 = 0.9238 euros) 
 
 (Reporting by Maria Sheahan; Editing by Kirsti Knolle) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: SIXT LEASING IPO/