June 26, 2017 / 5:25 AM / 5 months ago

German truck parts maker Jost plans Frankfurt listing in second half

FRANKFURT (Reuters) - German truck and trailer parts maker Jost plans to list on the Frankfurt stock exchange in the second half of 2017, the group said on Monday.

The private placement will comprise new shares from a capital increase worth around 130 million euros ($145.5 million) as well as stock held by existing shareholders including buyout group Cinven.

Sources had told Reuters last month that Cinven was reviving plans to list Jost, having previously shelved plans for a flotation due to wobbly capital markets.

(This version corrects to show Jost to list in private placement, not IPO)

Reporting by Maria Sheahan; Editing by Biju Dwarakanath

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below