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CITIGROUP INC.

(C)
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Citigroup : German e-car supplier Aumann plans stock market listing - sources

01/18/2017 | 07:00am EST

FRANKFURT (Reuters) - German engineering group Aumann is planning a stock marketlisting as the maker of parts for electric engines seeks cash for its expansion, people close to the matter said.

Private equity owner MBB <MBBG.DE> has asked Citi (>> Citigroup Inc),Berenberg and Hauck & Aufhaeuser to start with preparations ofan Aumann initial public offering, which may take place as early as April or May and see around 40 percent of Aumann's shares sold, the people added.

MBB and the banks declined to comment.

Analysts at brokerage Equits said in a note last year that Aumann could be valued at 300 million euros ($320.49 million)including debt or 1.5 times Aumann's estimated 2017 sales in a potential IPO.

MBB could reap more than 130 million euros in proceeds from the Aumann stock market listing, increasing MBB's fire power for acquisitions to 200 million euros, Equits said.

According to analysts at Hauck & Aufhaeuser, Aumann could even be valued at 460 million euros.

($1 = 0.9361 euros)

(Reporting by Arno Schuetze and Alexander Hübner; Editing by Harro ten Wolde)

Stocks treated in this article : Citigroup Inc, Delignit AG

ę Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. 0.36% 65.0171 Delayed Quote.7.22%
DELIGNIT AG -4.76% 10 Delayed Quote.11.70%
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Financials (USD)
Sales 2021 70 739 M - -
Net income 2021 20 779 M - -
Net Debt 2021 - - -
P/E ratio 2021 6,40x
Yield 2021 3,16%
Capitalization 128 B 128 B -
Capi. / Sales 2021 1,82x
Capi. / Sales 2022 1,79x
Nbr of Employees 223 000
Free-Float 64,8%
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 64,75 $
Average target price 78,61 $
Spread / Average Target 21,4%
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Managers and Directors
Jane Nind Fraser President, Chief Executive Officer & Director
Mark A. L. Mason Chief Financial Officer-Institutional Clients
John C. Dugan Chairman
Mike Whitaker Head-Operations & Technology
Mary Mcniff Chief Compliance Officer
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