September 15, 2010 / 4:35 PM / 9 years ago

BRIEF-CORRECTED-Elster Group files for IPO to raise net $152 mln

(Corrects headline to show $152 million is net figure)

New York, Sept 13 (Reuters) - Elster Group: * Germany’s Elster Group SE says filed registration statement for initial public offering of American depositary shares * Elster Group says price range for offering is $16-$18 per ADS * Elster group says 16.2 million American depositary shares will be offered for sale, about 64 percent of which will represent new shares issued by Elster * Elster says expects to receive net proceeds of about $152 million from offering, intends to use proceeds to repay outstanding debt * Deutsche Bank, Goldman Sachs, J.P.Morgan underwriters on the offering

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