TI Fluid Systems to raise 600 million euros in London debut



Automotive firm TI Fluid Systems said on Thursday it would raise about 600 million euros (517.02 million pounds) in an initial public offering of its stock on the London Stock Exchange.
TI Fluid, whose first contract was in 1922 supplying fuel lines for the iconic Ford Model T, did not clarify how many shares it would sell, or their expected price.
The company said the offer would include a partial sale of shares held by funds advised by Bain Capital Private Equity, LP, members of the management team and other individual shareholders.
TI Fluid reported revenue of 3.1 billion euros in 2015.... read more

 
29 September 2016 in Business, Views: 39
Source: Reuters
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