ATU expects its shares to start trading on June 16

Newswire

FRANKFURT, May 24 (Reuters) - German auto parts and repair chain Auto-Teile-Unger (ATU) said on Monday it expects its shares to start trading on June 16. In a statement, the firm said its subscription period would run from May 28 to June 14. ATU has said it would list its shares on the stock exchange by the end of the third quarter. The planned initial public offering will have a volume of more than one billion euros ($1.2 billion), a financial source told Reuters earlier this month.

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