BRIEF-TI Fluid Systems unveils IPO plan



Ti Fluid Systems
* TI Fluid Systems limited a leading global manufacturer of automotive fluid storage, carrying and delivery systems, today announces its intention to proceed with an initial public offering
* for six months ended 30 june 2016, revenue was eur 1.6 billion and adjusted ebit was eur 185.6 million, with increases of 4.9% and 7.4%, respectively, compared to six months ended 30 june 2015
* Total gross primary proceeds receivable by company from global offer are estimated to be approximately eur 600 million.
* Company intends to use net primary proceeds it receives from global... read more

 
29 September 2016 in World News, Views: 40
Source: Reuters
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