PARIS, Oct 4 (Reuters) - French flooring maker Tarkett,which is 50 percent owned by U.S. private-equity firm KKR, has submitted a registration filing for an initialpublic offering (IPO) of shares, the company said on Friday.
A listing on the Paris stock exchange could value Tarkett atas much as 2.5 billion euros ($3.4 billion) including debt,according to a report in the Financial Times citing an unnamedsource close to the situation.
The Paris-based group, which is jointly owned by KKR and theDeconinck family shareholders, said the filing was a first steptowards a Paris stock market listing and said the company wouldpursue its growth strategy abroad.
Under the listing, KKR will float part of its stake and theDeconincks will buy more shares to keep their ownership stakeabove 50 percent, according to the filing, which said thepricing of the shares had yet to be determined.
The company will pay a one-off dividend of 130 million euros($177.1 million) once the transaction is complete, according tothe filing.
The company, which makes vinyl flooring and artificial lawnsfor sports venues, derives 90 percent of its sales from outsideFrance and reported revenue of around 2.3 billion euros lastyear.