PARIS Oct 4 French floor maker Tarkett, which
is 50 percent owned by U.S. private-equity firm KKR, has
submitted a registration filing for an initial public offering
(IPO) that will be unveiled on Friday, a source close to the
The Paris-based group is jointly owned by KKR and the
Deconinck family shareholders.
Under the listing, KKR will float part of its stake and the
Deconincks will buy more shares to keep their ownership stake
above 50 percent, the source said.
A listing on the Paris stock exchange could value Tarkett,
which sells speciality flooring products, at as much as 2.5
billion euros ($3.41 billion) including debt, according to the
Financial Times, which reported on the deal on Friday, citing a
source close to the situation.
The company, which makes vinyl flooring and artificial lawns
for sports venues, derives 90 percent of its sales from outside
France and reported revenues of around 2.3 billion euros last