Reuters exclusively reports German battery group BMZ is planning for September IPO - Reuters News Agency
Business & Finance

Reuters exclusively reports German battery group BMZ is planning for September IPO

Reuters exclusively reported that German battery group BMZ is preparing for a Frankfurt stock market listing as early as September with a targeted valuation of about 2 billion euros. The plans have been forged as battery makers scramble to keep up with demand as the automotive industry and other sectors switch to electric to reduce planet-warming carbon emissions, raising investor interest in pioneering battery businesses. BMZ is working with Citi, JP Morgan and Berenberg on the initial public offering, which will sell shares worth about 500 million euros, Reuters sources said.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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