(CercleFinance.com) – Tikehau Capital announces the successful initial public offering (IPO) of EuroGroup Laminations, world leader in the design, production and distribution of stators and rotors, essential parts for motors and generators electrical.
‘The shares are listed on Euronext Milan and traded under the symbol EGLA. The price of 5.5 euros per share implies a market capitalization of around 922 million euros,” said the French alternative asset management group.
Following this IPO, Tikehau Capital vehicles will retain an 8.5% stake (before the over-allotment option) in EuroGroup Laminations. As a reminder, the group had acquired 30% of its capital in September 2020.
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