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2 Min Read FRANKFURT (Reuters) - Germany’s Novem is reviving plans for a stock market flotation that could value the maker of car interiors at 1.3-1.5 billion euros ($1.6-1.8 billion), people close to the matter said. Novem was founded in 1947 as a supplier of wooden steering wheels, before expanding into products like belt lines, central consoles, instrument panels and door cladding. Based in Vorbach near Bayreuth, Novem now supplies carmakers including Audi, BMW, Daimler, Porsche and Maserati with door trim and decorative function elements for interior parts such as dashboards. The Dutch billionaire Brenninkmeijer family, best known for its fashion retailer C&A, owns Novem through its fund Bregal Unternehmerkapital and is working with JPMorgan and Berenberg on the initial public offering (IPO), which could be announced as soon as the end of June, the sources said.

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