LONDON, Oct 29 (Reuters) - Private equity-backed Frenchflooring maker Tarkett began marketing its planned Paris stockmarket listing to potential investors on Tuesday, according toan offer document seen by Reuters.
Deutsche Bank and JP Morgan are runningthe offering, and are joint bookrunners along with Bank ofAmerica Merrill Lynch, Credit Agricole andHSBC, according to the document.
Earlier this month Tarkett submitted a registration filingfor an initial public offering in which it said U.S. privateequity firm KKR, which owns 50 percent of the company,would sell part of its stake.
The Deconinck family, who own the rest of the company, willbuy more shares in the offering to keep their ownership stakeabove 50 percent.
The document did not give any details on timing of the salebut in Europe the listing process typically involves around twoweeks of so-called investor education, when analysts from theinvestment banks working on a sale present their research topotential investors before a price range for the shares is set.
Order books are then opened for around two weeks, meaningTarkett could make its stock market debut in late November.
Tarkett was not immediately available to comment.
HSBC Holdings (HSBA)
