October 24, 2019 / 12:29 PM / a month ago

Ardian to launch sale of professional loudspeaker maker d&b Audiotechnik - sources

FRANKFURT, Oct 24 (Reuters) - Buyout group Ardian is preparing the sale of d&b Audiotechnik in a deal that may value the German professional loudspeaker maker at more than 600 million euros, people close to the matter said.

Ardian is expected to shortly mandate a sellside advisor to help it divest the company which was founded by entrepreneurs Juergen Daubert and Rolf Belz near Stuttgart in 1981, and which Ardian bought in 2016.

Reporting by Arno Schuetze; editing by Thomas Seythal

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