Resolution readies £1bn float
Financial buyout vehicle Resolution is readying its IPO for December in a deal that would be the first large float by a British business since June. Resolution’s founder Clive Cowdery plans to use the proceeds from the offer, up to £1bn, to invest in, and restructure, financial services companies. Citigroup, HSBC and Merrill Lynch are global co-ordinators, joint bookrunners and joint underwriters for the offer. Read EuroWeek on Friday for the latest on Resolution’s plans.
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