Befesa eyes listing

European private equity-owned metals recycling group Befesa is preparing a stock market listing in a deal potentially valuing the group at up to 1.2 billion euros ($1.3 billion), people close to the matter said. Buyout group Triton has asked Goldman Sachs and Citi to organise the listing as so-called global coordinators later this year, the people said, adding that stock including new shares worth about 300 million euros may be sold. Befesa, which is headquartered in Luxembourg, could reach a market capitalisation of 1-1.2 billion euros in the initial public offering, they said.