Tuesday, February 19, 2013

Reuters: Regulatory News: Belgium's Taminco considers US IPO

Reuters: Regulatory News
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Belgium's Taminco considers US IPO
Feb 19th 2013, 08:19

BRUSSELS | Tue Feb 19, 2013 3:19am EST

BRUSSELS Feb 19 (Reuters) - Belgian chemicals firm Taminco is considering a U.S. flotation after it abandoned plans to list in Brussels during the euro zone crisis.

The firm, which makes ingredients for crop protection products and animal feeds, has filed a provisional listing prospectus with the SEC, the U.S. regulator.

The document, dated Feb. 8, does not give a value for the shares. When Taminco tried to list in Brussels it had planned to issue shares at between 11 euros and 14 euros ($14.69-$18.69) and raise up to 421.5 million euros.

The provisional IPO prospectus lists Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Nomura and UBS as underwriters.

Taminco blamed difficult market conditions for the failure of its 2010 listing which would have been Belgium's biggest IPO since 2007.

At the end of 2011, U.S. private equity firm Apollo Global Management bought Taminco for around 1.1 billion euros from CVC Capital Partners.

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