APA ots news: BÖRSENGANG DER MONTANA AEROSPACE AG AN DER SCHWEIZER BÖRSE boersennews.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boersennews.de Daily Mail and Mail on Sunday newspapers.
By Sam Kerr
28 Apr 2021
Swiss-Austrian company Montana Aerospace has embarked on a virtual roadshow after launching an IPO on Friday. Sources close to the transaction are in high spirits after the first few days of education and hopeful for a strong result after nabbing two cornerstone orders.
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Michael Tojner will Montana Aerospace an die Börse bringen leadersnet.at - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leadersnet.at Daily Mail and Mail on Sunday newspapers.
UPDATE 1/-Montana Aerospace announces flotation plans to fund M&A drive Reuters 1 hr ago
ZURICH, April 23 (Reuters) - Aircraft components maker Montana Aerospace intends to float on the SIX Swiss exchange, it said on Friday, as it aims to boost its M&A firepower and organic growth in a rapidly consolidating industry.
The Austrian-Swiss company, which numbers Boeing and Airbus among its customers, wants to raise around 400 million euros from the IPO.
Montana, which makes components for wings and aircraft bodies, wants to become a consolidator in the highly fragmented aviation sector which has been battered by the COVID-19 pandemic and the Boeing 737 MAX safety crisis.
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FRANKFURT (Reuters) - Austrian-Swiss aircraft parts maker Montana Aerospace is preparing for a $1.8 billion stock market listing as its private equity owner seeks to exit while stock market valuations are high, people close to the matter said.
Austrian billionaire Michael Tojner’s private equity vehicle Montana Tech Components is working with UBS and Berenberg on an initial public offering in Zurich, which could value Montana Aerospace at up to 1.5 billion euros ($1.82 billion) and take place before the summer break, one of the sources said.
Montana Aerospace said that it regularly reviews growth financing options but would not comment specifically on an IPO.