Less than two and a half years after it was acquired by a consortium led by Sir Anthony O’Reilly and George Soros, Irish national fixed line operator eircom is planning a return to the market. The listing is expected to raise around EUR300 million (USD351 million) through the issuing of new shares: eircom then plans to conduct a ‘substantial’ secondary placement as venture capital groups offload their shares, meaning that the total offering could reach EUR1 billion. The Irish incumbent’s original flotation took place in 1999. The new listing will take place on the Dublin and London stock exchanges.
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