Paris-based Rexel, a global electrical distributor, has filed regulatory documents with France’s market regulator,  ; AMF,  ; in the first step towards a possible listing of Rexel on Euronext Paris. (The filing, found here by MDM on AMF’s Web site, is in French.)
Rexel was bought about two years ago by a group of private equity firms, including Merrill Lynch, Eurazeo and Clayton, Dubilier & Rice. A spokesman for Rexel told Agence France-Presse that the filing made with the market regulator was a “statement of intent” with no set timetable, and that if it goes ahead, the IPO will be in April at the earliest.
News reports offer different estimates of the value of the IPO, from 1 billion to 2 billion euros. Forbes says the offering will value Rexel at 6-7 billion euros. Rexel was purchased by the private equity team for 3.7 billion euros.
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