O2 Eyes London Stock Market Listing
Published on: 23rd Jun 2016
Note -- this news article is more than a year old.
The parent of UK based O2 has confirmed that it is considering a stock market listing following a decision to block the sale of the company to Hutchison 3G UK.
A spokesman confirmed to the Financial Times that Telefonica, which owns O2 is consulting with banks to look at listing some of the shares in O2 on the London stock exchange.
O2 noted that options are still being studied and that an IPO is not yet a certainty, with a sale of the company to a private equity investor also being on the table.
A spokesperson said: "An IPO is being given serious consideration however we continue to look at all options including a sale to private equity. No decision has been made."
A rumoured buyout by the management, backed by private equity groups could be worth around £8.5 billion, less than the £10.5 billion that Hutchison 3G UK offered for the company.