“Montana Aerospace’s Asta Energy Technology IPO: Valued at €500 Million and Set to Take Off Soon”

2023-05-02 15:29:09

The Montana Aerospace AG of the Austrian investor Michael Tojner is planning the IPO of its energy technology supplier division Asta, the Bloomberg news agency refers to informed circles. Accordingly, when listing the company, which could be valued at around EUR 500 million, Montana Aerospace opted for Berenberg Bank as the sole global coordinator.

Commerzbank and Erste Group are said to be bookrunners.

➤ Read more: Tojners Montana Aerospace takes off at the Zurich Stock Exchange

Montana Aerospace and advisors have begun to gauge investor interest in the shares, according to the information.

The IPO of the copper components specialist is to take place on the Vienna Stock Exchange and could take place as early as June, it was said. However, final decisions on the scope and timing of the IPO are still pending.

Berenberg, Commerzbank, Erste and Montana Aerospace did not comment on this. But as early as March, the manufacturer of components for aviation, the energy sector and e-mobility announced that it was examining options for the energy sector.

The Energy Technology segment includes Asta Energy Transmission Components and its subsidiaries. It manufactures copper parts for transformers, generators and motors for the high-voltage industry and is of interest to companies interested in the clean energy transition.

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