MADRID Oct 13 Spanish automobile-engineering
company Gestamp is considering listing over a quarter of the
company on the stock market in 2017, a spokesman said on
Thursday, confirming a report in newspaper Expansion.
The spokesman said no further details were available as the
operation remained in the initial stages.
The Riberas family, which owns the company, plans to place
between 25 percent and 37 percent of the group with
institutional investors depending on market conditions, the
newspaper reported on Thursday, quoting Chairman Francisco
The company is worth around 3.3 billion euros ($3.7
billion), the newspaper said, citing the sale of 12.5 percent to
the Japanese company Mitsui in September for 416
($1 = 0.8928 euros)
(Reporting by Rodrigo de Miguel; Writing by Paul Day; Editing
by Sonya Dowsett)