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PRESS: Churchill Retirement May Join McCarthy In London Listing - Sky (ALLIPO)

Fri, 03rd Jun 2016 11:59

LONDON (Alliance News) - Churchill Retirement Living is understood to be planning a listing in London to raise funds to back the growth of its homebuilding business, Sky News reported.

Sky said Churchill, the second-largest retirement housebuilder in the UK behind FTSE 250-listed McCarthy & Stone PLC, is close to appointing bankers to work on a listing, which may take place this year.

People close to the company said the company would look to secure a valuation of around GBP500.0 million through its listing.

The business was founded by Spencer McCarthy and his brother Clinton, whose father John was among the founders of McCarthy & Stone.

http://news.sky.com/story/1706399/churchill-to-retire-to-500m-stock-market-home

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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