Balta Launches IPO on Brussels’ Stock Exchange

Brussels, Belgium, June 13, 2017-Balta has launched its initial public offering on the Brussels’ stock exchange at 13.25 euros/share.

In March, Balta acquired California-based carpet manufacturer Bentley Mills.

The company is hoping to raise about 138 million euros ($153.1 million) to reduce its debt.

“Along with the initial share sale, private equity owner Lone Star would also sell a part of its shares in a secondary offering,” Reuters reports.

The company’s ticker symbol is balta.

As of June 1, Bentley’s sales force is now selling Balta’s Modulyss carpet tile in the U.S.