Montana Aerospace Is Said to Select Banks for Energy Unit IPO

Montana Aerospace AG has hired banks for an initial public offering of its energy components unit, which could be valued at about €500 million ($549 million), people with knowledge of the matter said.

This Swiss-based technology company has picked Berenberg as sole global coordinator for a listing of the ASTA business, according to the people. Commerzbank AG and Erste Group Bank AG have been appointed as bookrunners, they said.