British entertainments group Merlin to float in London

Reuters

LONDON, Oct 21 (Reuters) - Private-equity backed MerlinEntertainments said on Monday it planned to sell at least 20percent of its shares in an initial public offering in London.

Merlin, the owner of Madame Tussauds and Legoland, said itwould raise 200 million pounds ($323.8 million) from the sale ofnew shares to reduce debt.

Its owners, the Danish investment company Kirkbi A/S thatcontrols Lego Group and private equity firms Blackstone Group and CVC, will also sell some of their holding, thecompany said.

Merlin, the world's second largest visitor attractionoperator behind Walt Disney, said the sale would includean offering to individual retail investors as well asinstitutional investors.

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