Schott Solar to float Sept 26 latest - prospectus

FRANKFURT, Sept 6 (Reuters) - German technology group Schott is planning to float its Schott Solar unit on Deutsche Boerse's (DB1Gn.DE) prime standard segment on Sept. 26 the latest, expecting to generate up to 477 million euros ($682.2 million) in net proceeds, the prospectus for the listing showed on Saturday.

Through the IPO, which would be this year's biggest in the prime standard segment so far, Schott is aiming to increase the unit's capital resources in order to fund its future expansion.

Schott Solar's listing will come alongside the flotation of parts of German rail operator Deutsche Bahn [DBN.UL].

The company plans to repay partners' loans of 160 million euros as well as short-term bank loans of up to 40 million euros through the proceeds.

As part of the offering, shareholders will be eligible for up to 38.6 million of common shares, of which 28 million will be issued following a capital increase.

A further 5.6 million shares come from Schott Solar's parent company, with a greenshoe option of 5 million additional shares.

The subscription period for the IPO, which is managed by Commerzbank CBKGn.DE, Deutsche Bank DBKGn.DE, JP Morgan <JPM.N and Landesbank Baden-Wuerttemberg (LBBW) (LSAGgc.F), will start between Sept. 15 and 22, ending on September 25 at the latest, the company said.

Schott Solar generated 311 million euros in the first nine months of the financial year, while earnings before interest and tax (EBIT) reached 26 million euros.

The company, which develops, manufactures and markets receiver, wafer and photovoltaic products for solar power plants, employs 1,450 people with production sites in Germany, Spain, the Czech Republic and the United States.

The listing in the prime standard segment is the prerequisite for the inclusion in any of the German indices.

The company counts on investors' strong appetite for renewable energy assets, which have seen strong demand in the past, spurred by a global drive to fight climate change and rising oil prices.

(Reporting by Christoph Steitz; editing by Chris Pizzey)