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Poole entertainment giant Merlin to float on stock market
8:02am Monday 21st October 2013 in News
POOLE-based entertainments group Merlin is planning to sell at least a fifth of its shares.
The private-equity backed company says it will raise £200 million from the sale of new shares to reduce debt.
Its owners, the Danish investment company Kirkbi A/S that controls Lego Group and private equity firms Blackstone Group and CVC, will also sell some of their holding, the company said.
Merlin, the world's second largest visitor attraction operator behind Walt Disney, owns Legoland and Madame Tussauds.
It said the sale would include an offering to individual retail investors as well as institutional investors.
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