German cable network operator Kabel BW unveiled plans to float on the German stock exchange in the first half of this year. Deutsche Bank and JP Morgan are joint global coordinators for the initial public offering (IPO) and BofA Merrill Lynch and Royal Bank of Scotland will act as joint bookrunners. More details about the listing will be made public during the coming weeks. The announcement does not come as a surprise, although Kabel BW's owner EQT has been in talks with potential buyers since the beginning of this year. Reuters cites financial sources claiming that the Sweden-based private equity investor is still sounding out a potential sale but is expected to push ahead with the IPO, with a final decision to be taken next week. EQT acquired Kabel BW in 2006.
