Barclays Bank, Morgan Stanley and UBS have been named as advisors to the Barclay family who are planning to float The Very Group (created from the Littlewoods Home Shopping entity) via an IPO which would value the business at around £4bn. The Very Group recently raised a £575m bond for the refinancing and extending of its existing borrowings. If a flotation goes ahead, it is expected to be early in 2022, however, it is rumoured that a partial stake could be sold instead, enabling the business to continue to be privately held.
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