March 22, 2018 / 10:51 PM / 9 months ago

Dutch wholesaler B&S shares priced at 14.50 euros in IPO

AMSTERDAM (Reuters) - Dutch wholesaler B&S Group said on Thursday it has set the offer price in its initial public offering of shares at 14.50 euros per share, the bottom of its indicated range of 14.50-17.50 per share.

In a statement, the company said the list price implies an equity value of 1.22 billion euros (£1.1 billion).

B&S shareholders will sell a 29.3 percent stake in the company worth 358 million euros, assuming no overallotment option is exercised.

B&S, which is jointly owned by its founder and its CEO, supplies consumer goods to cruise ships, military bases and low-cost retailers. [L8N1QG0OM]

The shares are set to begin trading on Friday on Euronext Amsterdam.

Reporting by Toby Sterling; Editing by Susan Fenton

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