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The websites operator company claims to be the leading classifieds group in the Baltic region
Baltic Classifieds Group PLC has confirmed it intends to float on the London Stock Exchange at a price yet to be determined.
The company will come to the market by way of an initial public offering in which it aims to raise around €120mln in new capital, while existing shareholder ANTLER EquityCo, a company owned by funds advised by private equity group Apax, will also be selling off some of its shares.
The funds received from the flotation will be used to pay down debt.