Automotive supplier Stabilus plans 2014 IPO

FRANKFURT, April 25 Fri Apr 25, 2014 7:29am EDT

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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