Macquarie is acting as a so called IPO advisor and will help select several banks to lead the planned listing as so-called global coordinators, they said, adding the mandates will likely be awarded later this month.
The listing of the maker of gaming equipment and casino management systems will likely take place in the second half of the year in London, albeit Frankfurt remains an option.
Novomatic, owned by the family of its billionaire founder Johann Graf, had revenues of 3.9 billion euros in 2015. It reported earnings before interest, tax, depreciation and amortization of 287 million euros in the first half of last year and employs around 28,000 people in around 50 countries.
According to Reuters information, a sale of a minority stake to a private equity group is also a possibility that Novomatic's family owners are considering, they said, adding that Asian gambling groups would also be likely to show interest in the company.
"We have been active with bonds in the
capital market for many years and evaluate different financing options on the
capital market. There are currently no concrete decisions regarding other
financing projects," a Novomatic spokesman told Reuters.
Source: GMB / Reuters
