Liberty House may pursue partial London listing by 2018
(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.