French IPO revival kicks off with long-awaited Verallia flotation
French glass packaging company Verallia’s registration document has been approved by AMF, France’s market regulator, paving the way for a €4bn IPO on Euronext Paris.
The IPO, which is subject to market conditions, is expected to value Verallia at around €4bn. Apollo Global Management is expected to sell a minority stake in the business. There may also be a capital increase to repay debt.Apollo bought Verallia from Saint-Gobain in 2015 for €2.9bn. ...
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