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Buyout group Cinven prepares CeramTec listing - sources

Reuters - UK Focus

FRANKFURT, July 17 (Reuters) - Buyout group Cinven is launching preparations for a flotation of its German industrial ceramics company CeramTec, people familiar with the matter said on Friday.

The private equity group has picked Bank of America and Morgan Stanley (Xetra: 885836 - news) as so-called global coordinators, while Deutsche Bank (Xetra: 514000 - news) , Goldman Sachs (NYSE: GS-PB - news) and UBS will act in further roles in the organisation of the stock market listing, they added.

Cinven and the banks declined to comment, except for Morgan Stanley (Shenzhen: 002588.SZ - news) and UBS (NYSEArca: FBGX - news) , which were not immediately available for comment. (Reporting by Arno Schuetze)