Merlin Entertainments plans London stock market flotation

Merlin Entertainments has announced plans to issue shares on the London Stock Exchange next month, following a 11% year-on-year revenue increase for 2013.

Merlin Entertainments plans float on London Stock Exchange
Merlin Entertainments plans float on London Stock Exchange

The UK company, which owns the EDF Energy London Eye, The London Dungeon and Madame Tussauds, will sell at least 20% of its shares at a minimum investment of £1,000.

Merlin, the world's second largest visitor attraction operator behind Walt Disney, operates 99 attractions in 22 countries, attracting 54 million visitors a year.

As part of the move, Merlin Entertainments revealed a number of new appointments including four non-executive directors who will join the board in early 2014, including Ken Hydon, former group finance director at Vodafone; Charles Gurassa, deputy chairman at Easyjet; Miguel Ko, non-executive chairman of Starwood Hotels & Resort Worldwide, Asia Pacific; and Fru Hazlitt, managing director, commercial and online, of ITV.

Sir John Sunderland, non-executive chairman of Merlin, said: "I have been impressed by the significant growth that Merlin has delivered as a private company. But there is more to come and I believe Merlin has a very promising future as a publicly listed company. I, along with the rest of the board, am committed to working with the executive management team to ensure the continued success of the business."

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