Permira looking to float Japanese agri company Arysta on NYSE- FT

Tue, 11 Mar - 6:11am

March 10 (Reuters) - Private equity group Permira Href="NewsSearch">PERM.UL is looking to float Japanese agricultural chemicals company Arysta LifeScience on the New York Stock Exchange, the Financial Times reported quoting people familiar with the situation.

While a sale to a trade buyer is also a possibility, London-based Permira is in talks with banks to discuss an IPO, valuing Arysta at $4 billion including debt, the newspaper said.

Permira bought Arysta, which manufactures insecticides and veterinary medicines, in 2008 for 1.95 billion euros ($1.32 billion).

Arysta is considering whether to move its domicile from Japan to the United States or a country with lower corporate tax rates, people familiar with the matter were quoted as saying by the FT.

A sale is expected to attract institutional investors and trade buyers including China's Sinochem Href="NewsSearch">SINOCK.UL and Nufarm

of Australia. ($1 = 0.7205 euros)

(Reporting by Tasim Zahid in Bangalore, editing by David Evans)

((tasim.zahid@thomsonreuters.com)(Within UK +44 20 7542 1810, outside UK +91 80 674 91136)(Reuters Messaging: tasim.zahid.thomsonreuters.com@reuters.net))

Keywords: PERMIRA IPO/

URN: 
urn:newsml:reuters.com:20140310:nL3N0M74B1:4
Topics: 
JP EZC CHEM GB INVM CMPNY MEVN FINE1 BLR CHE RTRS DE BMAT EUROPE IPO US STX AU FINS EUROP FUND AGRC ASIA EMRG PVE DBT BISV LEN INVS BACT WEU CN AMERS CEEU

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