Stock Market

Shawbrook owners explore float in boost for London stock market


The private equity owners of Shawbrook are seeking to revive plans for a float of the bank in a potential boost to the London stock market.

Some City investors are understood to have been sounded out about a possible initial public offering of Shawbrook, which was bought by BC Partners and Pollen Street Capital for £868 million in 2017.

The private equity firms previously explored either selling the bank to a suitor or listing it in 2022, when they sought a valuation of about £2 billion, but abandoned their plans later that year in the face of volatile markets. Shawbrook was also a serious bidder for Co-operative Bank last year, when it also briefly examined a deal for troubled Metro Bank, but neither situation resulted



Source link

Leave a Reply