PARIS, Family line 25 (Reuters) - French edifice materials stiff Consolis took its low gear pace towards a possible line of descent marketplace floatation by formally registering plans for an initial populace oblation (IPO) with the AMF commercialize regulator.
Consolis aforesaid it hoped to kindle 135 million euros ($158 million) to assistance write out debt and fund expansion.
The established had 2017 clear sales of 1.44 trillion euros and adjusted net income ahead interest, tax, depreciation and amortisation (EBITDA) of 114.5 million euros.
Consolis aforesaid it hoped to attain lucre gross sales growth, at constant quantity telephone exchange rates, pagar minimalis beton of approximately 3 percent for the 2018 fiscal year, with an adjusted EBITDA leeway stopping point to 11.5 per centum compared to 7.9 percentage in 2017.
It besides targeted foster increase in 2019, with last sales increment seen at just about 5 pct compared to 2018, at constant interchange rates and including the wallop of acquisitions.
Consolis was bought finale year by Bain Uppercase from LBO France for an unrevealed add together.
Bain Capital will stay as Consolis' independent stockholder.
Consolis' roots go punt to the 19th century, when Daniel Chester French direct Aime Bonna based a supplier of built concrete pipes.
The troupe like a shot makes precast concrete pieces, such as walls, bridges, tunnels, pipes or railways sleepers, with one-half of its gross revenue made in Scandinavian countries.
Rely of U.S. Merrill Lynch, BNP Paribas, JP Morgan, Natixis, Barclays, Societe Generale and Nordea are altogether knotty in the plotted Consolis IPO trade.
($1 = 0.8516 euros) (Coverage by Gilles Guillaume and Sudip Kar-Gupta; Redaction by GV de Clercq and Kirsten Donovan)
pagar beton precast
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