Credit crisis 'challenge' will not hinder MAN Roland public float

Press manufacturer MAN Roland is pushing ahead with plans for a stockmarket listing despite tougher credit conditions, the chief executive has told a German newspaper.

Gerd Finkbeiner told Boersen-Zeitung in an interview printed on Saturday that the listing remained the best option for the company. "We are preparing ourselves for the IPO [initial public offering]," Finkbeiner said.

However, he added that trading conditions were tough and banks were being "ultra-conservative" in giving credit.

"The credit crisis is the biggest challenge for us in the next few months," he added.

Private equity firm Allianz Capital Partners, a unit of German insurer Allianz, owns 65% of MAN Roland, while German truck maker MAN owns the other 35%.

Boersen-Zeitung said observers estimated the likely value of the listing at €500m (£374.4m).