ONO considers public offering

December 11, 2013 11.40 Europe/London By Chris Dziadul

Ono New HQSpainís leading cable operator ONO is looking into the possibility of an IPO for some of its shares in the first half of 2014.

Quoting two unnamed sources, Reuters reports that no decision has yet been made on whether to partially list the company.

However, its management is keen to take advantage of renewed interest in Spanish assets from foreign investors and a slight improvement in the countryís economy.

A share offering in ONO could come alongside a capital increase and both moves are likely to be discussed at ONOís next board meeting, due to take place in a few weeks time.