Another Danish company eyeing a listing
Icopal is one of the worlds leading companies in roofing and structural waterproofing
The Danish roofing and structural waterproofing giant Icopal is taking steps towards a listing that is expected to take place this autumn at a price of between six and seven billion kroner, according to Berlingske newspaper.
Miguel Kohlmann, the head of Icopal, has confirmed that the listing process has begun and that the company has appointed the British investment bank Lazard to act as a consultant on the deal.
“We have followed the recent listings in Copenhagen and we are considering our options,” Kohlmann told Berlingske.
“As of now, we haven’t decided whether to complete the listing of the company.”
A world leader
Other banks are also expected to take part in the process via a consortium led by Nordea and Goldman Sachs.
Icopal has been listed in the past, but was taken off in 2000. Since then, the company has been owned by the Danish private equity investment company Axcel, the Lego owners Kirkbi and its current owner Investcorp.
Icopal is one of the world’s leading companies in its field and enjoyed a turnover of 7.7 billion kroner in 2013, while employing 3,500 people worldwide.