Cambria and Bellzone heading for £150m Aim listings

19 Mar 2010

UK motor retailer Cambria Automobiles revealed plans for a £50m listing on London’s Alternative Investment Market on Thursday, following Bellzone Mining’s plans for a £65m Aim float in what would be the largest listing in the segment this year.

Cambria will issue 100m shares for 50p but will not raise any new capital in the deal. Majority shareholder Promethean Investments will divest part of its holding in the IPO and its stake will drop from 51% to 33%. The IPO puts one quarter of the share capital ...

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