10th Aug 2015 05:52
LONDON (Alliance News) - The private equity owner of housebuilder Countryside is understood to be holding a beauty parade of investment banks to act as bookrunners for a planned initial public offering in London next year, Sky News reports.
Countryside, one of the biggest privately-owned housebuilders in the UK, is thought to be considering the stock market float amid a string of upcoming UK government schemes being launched to accelerate the construction of new homes.
The housebuilder was formerly owned by Lloyds Banking Group PLC, which sold it in 2013 to private equity investor Oaktree Capital Management.
http://news.sky.com/story/1532596/countryside-lays-foundations-for-london-float
By Sam Unsted; [email protected]; @SamUAtAlliance
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