Aumann opens IPO book, offering play on e-mobility

Aidan Gregory

March 10, 2017 03:00 pm

Aumann_PA_230x150 — 'I drive with electricity' can be read on an electric-powered Opel Ampera being charged at a EnviaM charging station in Halle, Germany, 27 April 2016. Buyers of electric cars are to receive a subsidy of up to 4,000 euros in May. The purchase subsidy will amount to 4,000 euros for purely electric cars and 3,000 euros for hybrids with a chargeable battery plus combustion engine. The base model may not exceed 60,000 euros as per the list price. Photo: JAN WOITAS/dpa | Jan Woitas/DPA/PA Images

Aumann Group, the German maker of wire enamelling and electric motors for cars, has opened the book for its Frankfurt IPO, which could value it at up to €257m.

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Aidan Gregory