Source Pravda.Ru

Cazenove Is Not Listed On The LSE

Cazenove last night refused to rule out scrapping ambitious plans to list on the London Stock Exchange in favour of floating on the AIM market.

The latest twist in the up-market and highly private investment bank’s tortuous road to market comes amid heightened speculation that a number of the firm’s senior partners want Cazenove to abandon its flotation plans and instead sell out to one of the giant US investment banks.

In a series of press statements over the last year or so, Cazenove has consistently said it planned to list on the London Stock Exchange.

However, the prospect of Cazenove, which is stockbroker to the Queen among others, being traded on what is the City’s secondary market is unlikely to fill its many blue-chip clients with much enthusiasm.

It is understood that those at the firm still keen on a flotation are considering trading on AIM as a prelude to listing on the LSE within a year or two of the initial float.

But a number of City insiders said the much-touted flotation now looks increasingly unlikely.

Cazenove was valued at just over ё1 billion last year, after raising ё100 million with the sale of 9.2 per cent of its shares, but it will be worth less in the current market.

The firm, founded by the descendents of Huguenot financiers who settled in the square mile after leaving France in the late seventeenth century, is the last major independent partnership in the City’s securities industry and has guarded its reputation ferociously.

In April 2001, Cazenove incorporated and announced its intention to seek a listing on the London Stock Exchange within two years ©

&to=http://www.cazenove.com' target=_blank>CAZENOVE

Comments
West at a loss: Russia is ready for $40 oil price
Americans obtain secret information about Russia’s new Avangard missiles
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Russian party girl Nastya Rybka refuses to please Washington
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Melania Trump starstruck when shaking hands with Putin
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Now it's Law: Israel is not a Democracy
Now it's Law: Israel is not a Democracy
Putin makes first public comment on Russian pension reform
Donbass referendum: Putin’s bright move to force Ukraine to obey
Now it's Law: Israel is not a Democracy
Americans obtain secret information about Russia’s new Avangard missiles
EU and Western Sahara: The Hassle and the Controversy!
After Syria, Russia goes to Afghanistan
Russia reveals new videos of Putin's new formidable weapons being tested