Christian Hansen Said to Receive Orders for All Shares in $1.1 Billion IPO
Christian Hansen Holding A/S, the Danish maker of food ingredients owned by private-equity firm PAI Partners, has received orders for all the stock on sale in its 6.5 billion kroner ($1.1 billion) initial public offering, according to two people familiar with the matter.
The Horsholm, Denmark-based company is offering 55.8 million shares at 87 kroner to 117 kroner apiece. It has received enough demand to price the deal at around the middle of the range, said one of the people, who declined to be identified because the information is private.
Credit Suisse Group AG and JPMorgan Chase & Co. are managing the sale, along with Morgan Stanley, SEB Enskilda Equities and Danske Markets Equities.
“We’ve seen overwhelming interest from both domestic and international investors,” said Michael Knudsen, a spokesman for Christian Hansen in Horsholm. “It’s a tough market but we are a robust and defensive business.” He declined to say how many orders the company had received.
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