Techem Owners Work With Goldman, Morgan Stanley and UBS on Sale
- Partners, CDPQ, OTPP preparing sale, IPO of metering firm
- Owners may seek up to €8 billion for German company in deal
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The owners of Techem GmbH have lined up a raft of banks to work on a sale or initial public offering of German metering firm, people with knowledge of the matter said.
The investors are turning to Goldman Sachs Group Inc., Morgan Stanley and UBS Group AG to help with a potential transaction, according to the people. Capital markets specialist Lilja & Co. is acting as IPO adviser, they said, asking not to be identified discussing confidential information.