Countryside, the British house builder [not to be confused with countrywide PLC estate agents ] is preparing for a public listing, having appointed bankers to advise on a potential sale after receiving at least two uninvited takeover bids. The almost 60 year old company [founded 1958], which is majority-owned by the US private equity house Oaktree Capital, who have been planning an IPO of shares , as early as 2016 in London. Though persons familiar with its plans have said it is also exploring a possible sale. What our Stakeholders think of us While an IPO remains the first option, the company “wants to be sure about the right path to follow” according to people familiar with the deal, having appointed Rothschild as advisor to its board and Oaktree on offers. Countryside having previously selected JPMorgan, Numis and Barclays as bookrunners ahead of a potential IPO that could value its business at £1bn. It is now forecast to give more information on...
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