Sept 6 (Reuters) - Azelis Group NV said on Monday it plans to raise 880 million euros ($1.04 billion) by issuing new shares on the Euronext Brussels, as the Belgian chemicals group owned by private equity firm EQT looks to lower its debt.
The company, which currently has a debt of about 1.6 billion euros, did not specify when it was looking to go public.
The offering is also expected to include a secondary component from existing shareholders, the Antwerp-based company said.
Azelis, which was created through the 2001 merger of Novorchem in Italy and Arnaud in France, is a speciality distributor of chemicals and food ingredients that has nearly 2,800 employees in 56 countries. ($1 = 0.8423 euros) (Reporting by Chris Peters and Muvija M in Bengaluru; Editing by Ramakrishnan M.)