Dutch Wholesaler B&S To Seek IPO In Amsterdam
Dutch wholesale company B&S has announced plans to launch an initial public offering and list on the Amsterdam stock exchange.
The group today set an indicative price range for the IPO at €14.50 to €17.75 per share, implying an equity value of €1.22-€1.49 billion.
The company, which supplies consumer goods to B2B and B2C retailers, plans to float around one third of its shares, with the aim of providing financial flexibility to realise the group's growth ambitions.
"After many successful years of private ownership, B&S Group is now ready for a next step in its development," Bert Meulman, the group's CEO.
"Being a listed company will increase the public awareness of B&S Group and provide us with financial flexibility through access to a wider range of capital-raising options. We look forward to the opportunities a listing on Euronext Amsterdam can bring."
Looking ahead, B&S says that it aims to continue growth in existing markets, focus on digitisation, leverage scale, and undertake strategic acquisitions.
B&S reported turnover of €1.5 billion last year.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.