Befesa S.A. listed on the Frankfurt Stock Exchange

Frankfurt Stock Exchange
Initial price: €28.00 / Metal recycler lists in the Prime Standard

Befesa S.A. (ISIN: LU1704650164) was listed in the Prime Standard of the Frankfurt Stock Exchange today. The IPO admitted around 34 million shares to trading. The initial listing price was €28.00; the issue price was €28.00.

Citigroup, Goldman Sachs International, J.P. Morgan, Berenberg, Commerzbank, Santander and Stifel led the IPO. Citigroup is the designated sponsor for Xetra trading while Baader Bank serves as specialist on Börse Frankfurt.

According to company information, Befesa is a leading international supplier of environmentally regulated services to the steel and aluminium industry. The company has locations in Germany, Spain, Sweden, France and the UK, as well as Turkey and South Korea.

With its two business units: steel dust recycling and aluminium salt slags recycling services, Befesa manages and recycles more than 1,300 thousand tons of residues annually and produces more than 600 thousand tons of new materials. The company then reintroduces the new materials in the market, reducing the consumption of natural resources.

Related News


Befesa S.A. listed on the Frankfurt Stock Exchange


Send this to a friend

Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: