Tarkett Planning Initial Public Offering
Paris, France, Oct. 7, 2013 — Flooring firm Tarkett is planning an initial public stock offering, Reuters reported.
The firm is 50% owned by U.S. private-equity firm KKR and the Deconinck family.
KKR will reportedly float part of its stake and the Deconincks will buy more shares to keep their ownership stake above 50%, Reuters reported.
A listing on the Paris stock exchange could value Tarkett at as much as 2.5 billion euros ($3.41 billion), according to the Financial Times.