With a view to firm up its presence in Europe as auto-ancillary major, the $1-billion Ruia Group is contemplating listing of its overseas companies on the German Stock Exchange.

“We are thinking about listing on the German Stock Exchange,” the Ruia Group Chairman, Mr Pawan K. Ruia, told visiting journalists at the four recently acquired units of Ruia Global Fasteners AG in Neuss, Beckingen, Neuwied and Schrozberg in the European country.

Mr Ruia might prefer create a holding company and list the same rather an individual company out of the few he had acquired since 2008 in Europe.

However, the Kolkata-based group is yet to set a timeframe for listing or the structure, as Mr Ruia is keen to hike his stake in the companies in due course and remove the encumbrances of administrator rights by repaying the debt.

The Ruia Group had taken over a few auto-ancillary companies in Europe, the latest being four plants of Acument GmbH & Co, Germany, renamed as Ruia Global Fasteners, which supply fasteners to all global car majors of Germany.

Other companies include Schlegel Automotive Europe Ltd in 2008, Draftex Automotive GmbH in 2009 and Gumasol in 2010.

Listing on the German bourse would enhance the credibility of the Ruia Group several fold in the global market. So far, the group’s Falcon Tyres and Dunlop are listed entities in India.

The entire German Stock Exchange consists of eight stock exchanges located in different parts of the country.

All of these stock exchanges are enormously potent and significant to the world economy, being the largest in Europe and the third biggest globally behind those in the US and Japan.

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