French floor company Tarkett readies 2.5 bln euro IPO-FT

Reuters

Oct 3 (Reuters) - French floor maker Tarkett, which is 50percent owned by U.S. private equity firm KKR, is set tolaunch an initial public offering that could value the companyat as much as 2.5 billion euros ($3.41 billion), the FinancialTimes said on Thursday.

The Paris-based group is set to announce its intention tolist on Friday, subject to final approval by the French Autoritédes Marchés Financiers, the Financial Times said, citing peopleclose to the situation. ()

Neither KKR nor Tarkett could be reached immediately forcomment.

A listing on the Paris stock exchange could value Tarkett,which sells speciality flooring products, at as much as 2.5billion euros including debt, the FT said, citing one thepeople.

HSBC, JPMorgan, Deutsche Bank and Bank of America areadvising the company on the IPO, the FT said.

Since January 2007, Tarkett has been owned by the Deconinckfamily and funds affiliated with KKR.

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