CVC Capital Partners, a private equity firm, is aiming to sell parts of its stake in the Belgian postal service. Bpost is priced for EUR12.5 to EUR15 per share. This was stated Wednesday, according to Belgium's two leading business papers.
This would make the company to have a EUR2.5 billion to EUR3 billion values. It would also make up 25 to 30% stake at CVC that is worth between EUR625million to EUR900 million.
Additionally, this would indicate that the Bpost flotation would be the largest IPO in Belgium after zinc smelter Nyrstar increased EUR1.74 billion in the year 2007.
IPO documents are said to be approved Wednesday and launched the day after as according to the French language newspaper, L'Echo and the Dutch language business paper, De Tijd. However, information to sources was kept private by the two newspapers.
Both Belgian Postal and CVC declined to comment on the said reports.
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