British car insurer Admiral Group has appointed Merrill Lynch and Citigroup as advisers for its IPO this autumn. Admiral said Merrill Lynch International had been appointed global co-ordinator, bookrunner and sponsor for the proposed share offering, and Citigroup had been appointed as joint lead manager. Merrill Lynch International and Citigroup will be joint brokers to Admiral following the listing. Admiral is likely to be valued at around £600 million.
Admiral Hires Merrill Lynch And Citigroup To Lead IPO
British car insurer Admiral Group has appointed Merrill Lynch and Citigroup as advisers for its IPO this autumn. Admiral said Merrill Lynch International had been appointed global co ordinator, bookrunner and sponsor for the proposed share offering, and Citigroup had
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