 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.
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