World News

German car interiors maker Novem explores sale or IPO – sources

German car interiors maker Novem is exploring a sale or stock market flotation, as its family owner seeks to make the most of robust company valuations ahead of a possible sector downturn, people close to the matter said. Dutch billionaire family Brenninkmeijer’s vehicle Bregal Unternehmerkapital, which owns Novem, has recently met with investment banks to discuss options for the company, which could be valued at 1.2-1.5 billion euros (1.4-1.3 billion pounds), the sources said.Read More

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