Barracuda denies plans for float

From The Publican

Start a new thread19-Jul-2004

Related topics: Company & City News

Managed pub group Barracuda says it has 'no firm plans' to float the business on the stock market this year.

 

A national newspaper report said Barracuda was considering a float in the autumn. Chief executive Mark McQuater (pictured) was quoted as saying: "We are looking for value if the stock market could give us that, it would be great."

 

Barracuda said that Mr McQuater has not ruled out a float at some stage and will continue to monitor the situation.

 

The 153-pub business is backed by PPM Ventures, the private equity arm of Prudential.

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