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Provider: Reuters Investment Profile

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Alstom SA considers IPO of its transport business-Reuters

Thursday, 6 Feb 2014 06:40am EST 

Alstom SA:Alstom SA considers to use a stock market listing to sell a stake in its transport business as early as June if a trade buyer cannot be found sooner - Reuters.The IPO would allow the parent firm to raise cash without closing the door to an alliance with a strategic investor later on.The company hopes to raise up to 2 billion euros ($2.7 billion) this year via the stake sale and divestment of some other assets.Valuations for the transport business vary between 2.8 and 3.9 billion euros, suggesting Alstom could raise between 700 million and 1.9 billion for a stake of a quarter to a half. 

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