Scan Energy to launch 200 mln euro IPO -sources

Fri Nov 13, 2009 10:37am EST
 
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LONDON, Nov 13 (Reuters) - Danish windpark and solar energy operator Scan Energy is to kick start its 200 million euro ($297.5 million) initial public offering next week, aiming to be listed Dec. 10, people familiar with the matter said on Friday.

Hamburg-headquartered Scan Energy will begin a pre-marketing process, in which analysts are to brief potential investors on the company, next Monday.

The company, which aims to raise about 200 million euros to expand production capacity, has yet to decide what percentage of its share capital to offer, but analysts put a value of 500 million euros on the company before the IPO.

HSBC (HSBA.L) is the sole bookrunner and global coordinator of the deal, while Societe Generale (SOGN.PA) and Macquarie (MQG.AX) are co-lead mangers.

Scan on Wednesday announced that it planned to launch the IPO on Frankfurt's Prime Standard segment, which is more strictly regulated than the entry-level standard. ($1=.6722 Euro) (Reporting by Daisy Ku; editing by Simon Jessop)

 

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