Signa Sports plans stock market listing in Frankfurt -sources

From Reuters - March 14, 2018

FRANKFURT, March 14 (Reuters) - Signa Sports, which bundles German sporting goods retailer Karstadt Sports and some ecommerce activities, plans to list on the Frankfurt stock exchange as it seeks to take advantage of high stock market valuations, people close to the matter said.

Signa Sports owner Rene Benko, an Austrian property investor, has mandated Citi and BNP to organise the flotation, which is expected to take place within the next twelve months, possibly as early as in September, the people said.

They added that Lilja was acting as IPO advisor.

The deal may value Signa Sport at around 1 billion euros ($1.24 billion), one of the people added.

Benko and Citi declined to comment. BNP and Lilja were not immediately available for comment.


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