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Germany's Flix eyes stake sale in IPO rethink, sources say
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Germany's Flix eyes stake sale in IPO rethink, sources say
Jun 13, 2024 9:41 AM

BERLIN/FRANKFURT, June 13 (Reuters) - German bus and

train services company Flix is seeking alternatives to a stock

market listing and is in talks with investors including private

equity firm EQT on a potential stake sale, two people

close to the matter said.

Talks are at an early stage, the sources said.

Business newspaper Handelsblatt, which first reported the

news, said talks were for a 30% stake in Flix.

The company could be valued at 3.2 billion euros ($3.4

billion) in a deal, one of the sources said, adding that this

would be more than could be fetched in a potential IPO at the

moment.

Flix and EQT declined to comment.

Reuters reported last year that Flix had picked banks as

advisers for a planned initial public offering (IPO) in the

first half of 2024.

The banks involved were JP Morgan, Goldman Sachs ( GS )

and BNP Paribas, sources said at the time.

($1 = 0.9302 euros)

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