The 2020 Mid-Year Economic Update_long

Rexel Takes First Steps Toward IPO


Paris-based Rexel, a global electrical distributor, has filed regulatory documents with France's market regulator,&nbsp ; AMF,&nbsp ; 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.)


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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 ...

Paris-based Rexel, a global electrical distributor, has filed regulatory documents with France’s market regulator,&nbsp ; AMF,&nbsp ; 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.)


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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.


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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.



Related Links:


Rexel Posts 11% Organic Sales Growth in 2006
Premium Offer Made for Rexel

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