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Distributor IMCD confirms IPO plans

5:01 AM MDT | June 3, 2014 | Ian Young

Specialty chemicals distributor IMCD Group (Rotterdam) has, as expected, announced plans for an initial public offering (IPO) on the Euronext Amsterdam exchange. The offering will consist of newly issued shares and a secondary sale of existing shares held by current shareholders. The listing will take place in the coming months, subject to market conditions, IMCD says. The announcement follows months of press speculation that IMCD is planning an IPO. IMCD says it intends to offer new shares in the amount of about €270 million and that, together with the sale...

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