bpost has revealed its plans to offer company shares to the public and to admit them to trading on NYSE Euronext Brussels.
The Belgian postal operator will list a minority stake, currently held by private equity group CVC Funds. The offer will cover the sale of shares to institutional investors and retail investors in Belgium, as well as management and employees of bpost.
The Belgian state will not sell its shares and will continue to hold a 50.01 percent stake in the business, bpost said.
JP Morgan, Nomura and BNP Paribas Fortis will act as coordinators Global Partners under the IPO.
An exact date is yet to be set but it is expected that the price range and other details of the offer will be published in the Belgian financial press at the date of opening of the offer period.
Commenting on the move, CEO of bpost Johnny Thijs said: “The IPO bpostis the culmination of over a decade of change and major efforts. Once traded, we will continue our efforts and continue to strive for excellence in everything we do. This will benefit our customers, employees and shareholders. “