One of he UK's largest independent retailers MRH, opts for stock market listing next year as investors project mixed signals about their appetite to back UK flotations.
Sky News understands that Lone Star Funds has hired bankers at Citi, JPMorgan and Numis Securities to oversee an initial public offering (IPO) of MRH GB, which trades from about 450 forecourts across the UK.
The flotation has been pencilled in for next year, although the exact timing and a final decision about whether to press ahead have yet to be taken.
MRH GB's sites are largely branded under the BP, Esso, Shell or Torq names, and include retail partners such as Costa, Greggs and Subway.
The company describes itself as the biggest independent fuel retailer in the UK, competing with the likes of EuroGarages and Motor Fuel Group.
Share this:
