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Last Updated: Thursday, 29 April, 2004, 06:30 GMT 07:30 UK
Umbro gives go-ahead to flotation
Umbro makes the England kit
Sportswear firm Umbro has confirmed plans to list its shares in London, and said a flotation could be achieved by the end of June.

The firm did not say how much it hoped to raise, but estimates have given it a valuation of about £250m ($440m).

Umbro is best known for producing football strips, particularly for the England team.

The company is currently controlled by investment firm Doughty Hanson, which paid some £90m in 1999.

Doughty Hanson intends to sell some or all of its 83% stake in the flotation, which would put Umbro's expected market capitalisation at about £200m.




SEE ALSO:
Umbro sale on the cards
07 Oct 03  |  Business


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