Car glass repair firm Belron in early talks for $27.8 billion IPO, FT reports
Jan 16 (Reuters) - Belron is in early-stage talks with bankers for a 24 billion euro ($27.84 billion) stock market listing for the vehicle glass repair and replacement firm, the Financial Times reported on Friday, citing people familiar with the situation.
Belron's executives met bankers in the past week ahead of starting the process to select advisers and bookrunners, with a listing possible towards the end of this year, the report said.
It has not been decided whether Belron will be listed in New York or Amsterdam, the FT said.
Belron declined to comment on the report.
Belron is Belgian holding group D'Ieteren's most profitable division and makes more than half of its sales in North America.
The glass repair firm, run by former Anheuser-Busch InBev chief Carlos Brito, employs around 30,000 people and has a presence in 40 countries, according to its website.
($1 = 0.8620 euros)
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