Building products» More news on Building products

Carpet manufacturer Balta completes its IPO

13.07.2017 − 

Belgian Balta Group completed an initial public offering that it announced on 17 May on 13 June. In a press release issued on the same day, the company put the total volume at €204m. Held in two phases, the IPO placed a total of 15,365,802 shares on the market. Some 10,943,396 of these shares were new (primary tranche), which yielded €145m gross or €137.6m net after IPO costs were deducted.

In a secondary tranche, the former sole shareholder, LSF9 Balta Investments, which is controlled by Lone Star Fund, made another 4,422,006 shares available. LSF9 can sell up to 2,134,198 more shares through an overallotment option within 30 days of the start of trading.

Tags of this news:

previous − Jeld-Wen acquires interior door manufacturer Mattiovi

FEP: Parquet consumption up by 1.7% in 2016  − next