date:Sep 08, 2021
Azelis, a service provider for the specialty chemicals and food ingredients industries, has announced its initial public offering (IPO) and intention to list shares on the regulated Euronext Brussels market.
The company targets 880 million (US$1.04 billion) in gross proceeds from the new shares. It hopes these net proceeds, together with borrowings under Azelis new credit facilities will strengthen its financial position significantly.
The move will assist in repaying outstanding debt (circa 1