FRANCE - Rexel launches EUR 1.015bn IPO

The offer includes a EUR 1bn capital increase and EUR 15m sale of existing shares. The shares available, priced individually between EUR 16.35 and EUR 19, could represent a maximum of 32.2% of the company's shares and voting rights.

Shares offered to the company's employees, will be priced between EUR 13.8 and EUR 15.20.

BNP Paribas, Calyon, JP Morgan Securities Ltd., Lehmann Brothers International (Europe) and Merrill Lynch are the mandated bookrunners.

The company is currently owned by a syndicate led by US investor Clayton Dubilier & Rice, and including Eurazeo, Merrill Lynch Global Private Equity, Caisse des Depots et Placements du Quebec and Citigroup Venture Capital Equity Partners.

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