Germany's ATU postpones IPO given tough markets

Newswire

FRANKFURT, May 26 (Reuters) - Auto-Teile-Unger (ATU) has postponed its planned initial public offering, the German car parts and accessories group said on Wednesday, citing difficult market conditions. But it said in a statement that it and majority shareholder Doughty Hanson, the British private equity group, still intended to seek a bourse listing for ATU when conditions improve. Bookbuilding was supposed to have started on May 28.

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