Brief: Oil and wind engineer Sif relaunches listing
09/05/2016 09:23
May 9 (Reuters) - Sif Holding NV SIFG_w.AS
* Relaunches listing process after postponing it in February
because of market uncertainty
* First trading in the company, a maker of large steel
tubulars which are used as foundation components for the
offshore wind and offshore oil & gas markets, is expected on May
12
* Indicative price per share set at Eur 14.00
* Placement consists of a secondary offering of up to around
35 percent of Sif's issued ordinary shares
* Price values Sif at 357 million euros ($406.73 million)
* "We have a very strong exposure to the high growth
offshore wind market," said CEO Jan Bruggenthijs. "The level of
interest we received from the investment community was and is
encouraging."
Further company coverage: SIFG_w.AS
($1 = 0.8777 euros)
(Reporting By Thomas Escritt)
((Thomas.Escritt@thomsonreuters.com;))