Shares of Braas Monier Building Group SA (ISIN: LU1075065190) have been tradable in the Prime Standard of the Frankfurt Stock Exchange since 25 June. The issue price was €24,00 and the initial listing price €23,40. The total placement volume was around €541 million.
BNP Paribas (London), J.P. Morgan and UBS Investment Bank are lead managers. J.P. Morgan is designated sponsor, while Baader Bank AG is acting as specialist.
“We welcome Braas Monier Building Group to the Frankfurt Stock Exchange – the largest IPO of 2014 to date. We are delighted that Braas Monier has chosen the Prime Standard and consequently the highest transparency requirements in Europe. The company is thus very well positioned for international investors,” said Dr Martin Reck, Cash Market Managing Director at Deutsche Börse.
Pepyn Dinandt, CEO of Braas Monier Building Group, had this to say: “Braas Monier is an attractive investment for all investors that want to benefit from the expected recovery in the European housing construction sector, growth opportunities in emerging markets, and roofing market trends. With our integrated product offering and leading market positions, we are very well placed to profit from these developments. We pursue a clear strategy with the aim of expanding our leading position, further optimising our cost structure and generating above-average growth, resulting in sustainable shareholder value.”
According to company sources, the Braas Monier Building Group S.A.is a leading manufacturer and supplier of pitched roof solutions, including roof tiles and roofing components, in Europe, parts of Asia, and South Africa. The company covers all stages in the manufacturing process. Braas Monier had operations in 36 countries and 107 production facilities, sold products in more than 50 countries and employed about 7,400 people, as of 31 December 2013.
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