Eurowag confirms plans for EUR200 million London Stock Exchange IPO

(Alliance News) - Eurowag on Monday confirmed plans to list on the London Stock Exchange's Main ...

Alliance News 20 September, 2021 | 8:34AM
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(Alliance News) - Eurowag on Monday confirmed plans to list on the London Stock Exchange's Main Market.

Founded in the Czech Republic in 1995 by Chief Executive Martin Vohanka, Eurowag processes toll and fuel payments for trucks around the continent.

The initial public offering is expected to comprise new shares issued by the company, raising gross proceeds of around EUR200 million to support its growth strategy, as well as the sale of existing shares.

The final IPO price will be determined following publication of the prospectus and a bookbuilding process. Reuters in May reported the planned float could value Eurowag at over USD2 billion.

It is eyeing admission next month and expects to be eligible for inclusion in the FTSE UK indices.

Eurowag has engaged Citigroup Global Markets Ltd and Morgan Stanley & Co International PLC as joint sponsors, joint global co-ordinators and joint bookrunners, and Jefferies International Ltd as joint global co-ordinator and joint bookrunner. Numis Securities Ltd and UBS AG have been appointed as joint bookrunners and Rothschild & Co is acting as financial adviser to the company.

By Lucy Heming; lucyheming@alliancenews.com

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