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.