Automotive supplier Stabilus plans 2014 IPO
FRANKFURT, April 25
FRANKFURT, April 25 (Reuters) - German automotive and industrial supplier Stabilus GmbH is planning a flotation in 2014, it said in a statement on Friday.
As part of the initial public offering, current private equity owner Triton will place shares and Stabilus will also place new shares from a capital increase of 65 million euros ($90 million).
The company, headquartered in the town of Koblenz, develops and produces electromechanical drives, gas springs and dampers. It employs around 4,000 people. ($1 = 0.7236 Euros) (Reporting by Victoria Bryan)
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