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Countryside eyes £1bn IPO

Countryside-PropertiesOaktree Capital-owned Countryside is planning a £1bn return to the stock market early next year.

The builder, which was taken over by Lloyds Bank in the financial crisis, has hired a team of advisers to work on the IPO, according to The Sunday Times.

JP Morgan, HSBC, Numis and Barclays were brought in following the group’s year end on 31 August.

The firm previously hired advisers to consider options including an IPO last year.

The latest plan comes after former Quintain finance director Rebecca Worthington joined Countryside as chief financial officer on 1 August.

jack.sidders@estatesgazette.com

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