Chr Hansen will launch its initial public offering on the Copenhagen stock exchange this morning (3 June), in a float that values the company at about DKK12.42bn (US$2.05bn).
The Danish ingredients company said that it will issue 37.1m new shares at DKK90 a share, while PAI Capital Partners – the current owners – will sell around 18.6bn shares.
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“We believe that Chr Hansen has a strong future ahead of it as a publicly listed company and will be retaining a significant stake in the business going forward,” Frederic Stevenin, partner at PAI, said.
PAI will retain a stake of about 55.6%.
Announcing the pricing of the float, Chr Hansen said that the offering has already attracted “strong demand” from institutional investors and Danish retail investors.
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By GlobalData
