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FRANKFURT, Jan 25 (Reuters) – German auto maker, Novem, is investigating the possibility of a sale or IPO, with its family owner considering securing the Firm valuations of companies in anticipation of a possible downturn in the sector, said relatives of the case.
The Bregal Unternehmerkapital vehicle of Dutch billionaire Brenninkmeijer's family recently met with investment banks to discuss options for the company, which could be valued between € 1.2 and 1.5 billion (1.13 and $ 1.70 billion), said the same sources.
Bregal could hire an advisor in the coming weeks to potentially launch an agreement in the second half of 2019, they said, adding that the family could also decide to keep the badet.
"They study the options, but that does not mean that they will actually sell," said one of the people.
$ 1 = 0.8815 euros
Edited by Tbadilo Hummel
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