(Corrects core profit figure, paragraph 1)
MADRID Nov 29 Spanish car parts maker Gestamp,
which is planning an initial public offering in the next few
months, said on Tuesday core profit rose 10.2 percent in the
first nine months from a year earlier to 584.9 million euros
The company, which supplies components to manufacturers from
Volkswagen to Renault in 20 countries
around the world, reported nine-month sales of 5.4 billion
euros, up 5.8 percent year-on-year.
The family-owned company, worth about 3.3 billion euros
based on the sale last month of a 12.5 percent stake to Japan's
Mitsui for 416 million euros, plans to list more than
25 percent depending on market conditions.
($1 = 0.9429 euros)
(Reporting by Andres Gonzalez; Writing by Paul Day; Editing by
David Clarke and Alexander Smith)