ONO appoints banks for IPO

February 24, 2014 10.28 Europe/London By Julian Clover

ono-coverHaving narrowly rejected the idea of a sale to Vodafone, Ono has reportedly hired Deutsche Bank and JPMorgan to plan its forthcoming IPO.

Reuters said a meeting had been called for March 13, which is expected to formally approve the IPO process.

The company has placed a value on itself between 7 8 billion.

Investment funds Providence Equity Partners, Thomas H. Lee Partners, CCMP Capital Advisors, and Quadrangle Capital own a controlling 54% of ONO.