Liberty House may pursue partial London listing by 2018

Company News

Liberty House may pursue partial London listing by 2018

Mon, 06 February 2017
Article viewed 263 times
Liberty House may pursue partial London listing by 2018
Macquarie Group Limited Quote more

Price: 88.82

Chg: 0.02

Chg %: 0.02%


(ShareCast News) - Liberty House Group was reportedly eyeing a partial listing of its business in London by 2018.
The boss of the industrial and commodities group, Sanjeev Gupta, told Reuters he wanted to access either the equity or debt markets in order to raise fresh capital to finance a further expansion.

Liberty House, with annual turnover in excess of $6.0bn, belonged to the Gupta Family Group, which included his father“s energy and commodities business SIMEC and included steel mills, aluminum smelters, hydro-power plants and a private bank.

Gupta said they would aim to retain a majority stake.

The industrial group was reported to be holding contacts with four banking advisors aimed at a potential listing, but it was not clear if the group included Macquarie, which had advised it in the past.

NASDAQ 100 Top Risers

Name Last Chg.% Time
Sirius XM Holdings Inc 5.29 3.32 23:09
Ulta Salon, Cosmetics & Fragrance Inc. 302.40 3.19 22:53
Tesla Inc 325.14 2.62 23:08
Nvidia Corp. 141.84 2.59 23:10
O'Reilly Automotive Inc. 248.48 1.90 21:54

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Shire Plc Ads 177.18 -4.13 22:09
Incyte Corp. 134.38 -2.91 22:23
QUALCOMM Inc. 57.52 -1.59 23:08
Activision Blizzard Inc. 58.28 -1.59 23:10
Electronic Arts Inc. 112.13 -1.49 23:04