Bain hires banks to revive IPO of French car parts group Autodis - sources

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The private equity owner of French car parts group Autodis has hired banks to resume plans for a share sale in Paris in a bid to take advantage of strong investor demand in the busiest-ever start to a year for stock listings, sources told Reuters.

FILE PHOTO: The new Citroen compact Hatchback C4 is displayed during its world premiere launching in Boulogne-Billancourt near Paris, France, June 30, 2020. REUTERS/Gonzalo Fuentes

Autodis could be valued at more than 1.5 billion euros in its latest attempt to go public, one of the sources said. The firm expects to generate core earnings of about 200 million euros in the financial year ending in March and is looking at U.S. recycled auto parts supplier LKQ Corp - which bought Italian auto parts distributor Rhiag from Apax in 2015 - as a possible comparable for its listing.

 

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