Britain’s Marley postpones market listing plans

LONDON, Oct. 12 (Reuters) – British roofing specialist Marley Group said on Tuesday it was delaying its plans to list on the London stock market due to market volatility.

The company said in September it plans to raise about £75 million ($102 million) through an IPO.

“While Marley has received significant interest from institutional investors, the board of directors and shareholders have decided that continuing with an IPO during this period of market volatility is not in the best interest of the broup and its stakeholders,” the company said in a press release. pronunciation.

Marley follows France’s Icade Sante and Switzerland’s Chronext, which have also postponed IPOs, while Czech company Eurowag (WPS.L) last Friday cut the size and price of its London listing. read more

($1 = 0.7350 pounds)

Reporting by Kirstin Ridley Editing by Rachel Armstrong

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