GTT hopes LNG exposure helps it sail through volatility

By Andrew Griffin
31 Jan 2014

Gaztransport & Technigaz (GTT) launched a €500m IPO on Friday, with bankers hoping that the French liquefied natural gas container manufacturing firm's exposure to a sought-after sector helps it sail through market volatility.

Shareholders Total and Hellman & Friedman will sell through the deal, and there will be no primary component. The deal is expected to raise around €500m, valuing the company at €1.5bn-€2.0bn.

Morgan Stanley is joint global co-ordinator, and joint bookrunner with Deutsche Bank and Natixis. Junior members of the ...

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