Praktiker to go public

According to a report from the trading information service Instock, Metro now intends to float the majority of its DIY retail chain, Praktiker, rather than selling it to an investor. Statements from financial quarters suggest that an issue study values the subsidiary at between € 820 mio and € 920 mio. The subscription period is to run from 7 to 17 November, with 18 November as potentially the first trading day.