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Thursday, February 5, 2015

German diapers retailer seeks flotation -sources, (NYSE: BAC)

German diapers retailer is preparing a stock market listing as the internet start-up seeks to tap funds for further expansion, two sources familiar with the deal said. The group has mandated Deutsche Bank, Goldman Sachs and Bank of America Merrill Lynch to organise the IPO, which could take place as early as the first half of 2015, the sources said."We are continuously evaluating all strategic options to support the future growth of the company," said a spokesman for, which was set up in 2010 and made a small 2014 profit on sales of 130 million euros ($149 million).The banks declined to comment.Last month, closed a financing round in which Goldman Sachs, Deutsche Bank, DN Capital, MCI Management and 360 Capital Partners injected 45 million euros into the group, which also sells baby food, children's clothing and toys.

Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Shares of BAC fell by 0.63% or $-0.1/share to $15.79. In the past year, the shares have traded as low as $14.37 and as high as $18.21. On average, 81245904 shares of BAC exchange hands on a given day and today's volume is recorded at 83848320.