German e-car supplier Aumann plans stock market listing - sources

MBB SE

18/01/2017 11:22

FRANKFURT, Jan 18 (Reuters) - German engineering group 
Aumann is planning a stock market 
listing as the maker of parts for electric engines seeks cash 
for its expansion, people close to the matter said. 
    Private equity owner MBB  MBBG.DE  has asked Citi  C.N , 
Berenberg and Hauck & Aufhaeuser to start with preparations of 
an Aumann initial public offering, which may take place as early 
as April or May and see around 40 percent of Aumann's shares 
sold, the people added. 
    MBB and the banks declined to comment. 
    Analysts at brokerage Equits said in a note last year that 
Aumann could be valued at 300 million euros ($320.49 
million)including debt or 1.5 times Aumann's estimated 2017 
sales in a potential IPO.  
    MBB could reap more than 130 million euros in proceeds from 
the Aumann stock market listing, increasing MBB's fire power for 
acquisitions to 200 million euros, Equits said. 
    According to analysts at Hauck & Aufhaeuser, Aumann could 
even be valued at 460 million euros. 
($1 = 0.9361 euros) 
 
 (Reporting by Arno Schuetze and Alexander Hübner; Editing by 
Harro ten Wolde) 
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters 
Messaging: arno.schuetze.reuters.com@reuters.net)) 
 
Keywords: AUMANN IPO/