*OT* Arnault's Europ@Web plans to list this year
PARIS, March 3 (Reuters) - Group Arnault, the holding company of LVMH Chairman Bernard Arnault, plans to list its Internet investment fund Europ@Web during the year, the fund's managing director Charam Becharat said on Friday.
``We envisaged listing Europ@Web this year. But it will depend on market conditions,' Becharat told Reuters on the sidelines of a news conference.
Becharat said the fund, which started with 500 million euros, did not need additional financing.
Europ@Web owns 45.5 percent of French free Internet service provider Liberty Surf , which is being listed on the ParisBourse, and has a majority stake in online auctioneer Aucland.
In the United States, Europ@Web has taken stakes in online grocer Webvan (NasdaqNM:WBVN - news), online drug store PlanetRx.com Inc (NasdaqNM:PLRX - news), online executive gift seller Camdens and Women's cable television and Internet network Oxygen Media.
Europ@Web also has stakes in wedding specialist Alafolie.com, Moonfruit, which gives online users tools to build sites, travel agent Leisureplanet (NasdaqNM:LPHL - news), sports company Sportal, iMediation, Net audience measurement company NetValue and online wine seller WineandCo.Friday March 3, 4:47 am Eastern Time |
