2 months ago
Largest Dutch construction group prepares for pre-summer IPO - sources
FRANKFURT/AMSTERDAM, March 23 (Reuters) - VolkerWessels, the largest Dutch construction company, is preparing a stock market listing which may value the family-owned business at more than 2 billion euros ($2.15 billion) including debt, people close to the matter said. The company's main shareholders are expected to offer a stake of 20 to 49 percent of the company in the initial public offering, depending on investor demand, the people said. VolkerWessels has already held analyst presentations and is working with Morgan Stanley, Bank of America, ING and ABN Amro as global coordinators on the deal, while Kempen is acting as IPO advisor, the sources said.