Debenhams tipped for market return

19/01/2006 - 08:09:01
Department store Debenhams could be poised for a London stock-market return after it was reported today that it had taken steps towards a £3bn (€4.4bn) listing.

The group, which went private in 2003, is said to have asked four banks, including Merrill Lynch, to prepare a strategic review of its options.

If the flotation goes ahead, it will be one of the biggest in London this year, although The Financial Times also said the company may opt to remain in private hands and refinance its borrowings again.