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Brakes halts possible IPO amid stock market turmoil

Discussion in 'Market News' started by Lily, Jan 26, 2016.

  1. Lily

    Lily Forum Member

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    UK food distributor group abandons mooted plans to float in London in what could have been £2.5bn offering

    Brakes Group, one of the UK’s largest food distributors, has abandoned plans for a stock market flotation in London that could have valued it at up to £2.5bn.

    The company declined to comment on Tuesday but stock market sources said recent investor nervousness had persuaded majority shareholder Bain Capital, the private equity group, to put its London initial public offering plans on hold.

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