Renk GmbH is planning initial public offering in September as the environment for listings becomes more favourable again, Boersen-Zeitung reported, citing financial sources. The so-called intention to float (ITF) for Renk, which makes gearboxes for tanks, could be published in the week of September 15, Boersen-Zeitung reported. The company, which is owned by private equity group Triton, could be valued at around EUR 2.5 billion in a listing, sources have previously said.

Renk was not immediately available for comment outside business hours.