March 12, 2018 / 8:23 AM / 3 months ago

Netherlands' Alfen valued at 225-300 mln euros in IPO

AMSTERDAM, March 12 (Reuters) - Dutch energy storage firm Alfen Beheer BV said on Monday shares are indicatively priced at 11.25-15.00 euros in its initial public offering of shares, valuing the company at 225-300 million euros ($278-370 million).

Alfen, which designs and sells energy storage systems, smart grids and electrical car charging equipment, said owner Infestos will sell a 48.88 percent stake in the secondary offering, to receive roughly 130 million euros. ($1 = 0.8108 euros) (Reporting by Toby Sterling, editing by Louise Heavens)

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