This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-27465999
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
Game set for £400m stock market return | Game set for £400m stock market return |
(about 2 hours later) | |
Game intends to relist on the London Stock Exchange two years after the video game retailer collapsed into administration. | Game intends to relist on the London Stock Exchange two years after the video game retailer collapsed into administration. |
The float, which is expected to value the company at £400m, could take place before the end of June. | The float, which is expected to value the company at £400m, could take place before the end of June. |
The group will rename itself Game Digital, and intends to sell a stake of at least 35%. | The group will rename itself Game Digital, and intends to sell a stake of at least 35%. |
Hedge fund Elliott Advisors, which owns more than 90% of Game, will retain a significant stake in the business. | Hedge fund Elliott Advisors, which owns more than 90% of Game, will retain a significant stake in the business. |
David Hamid, non-executive chairman of Game Digital said: "The turnaround of the Game business is remarkable. | David Hamid, non-executive chairman of Game Digital said: "The turnaround of the Game business is remarkable. |
"Game in the UK has been transformed and strengthened, while Game in Spain has proved its resilience." | "Game in the UK has been transformed and strengthened, while Game in Spain has proved its resilience." |
The company sells new and second hand games. | The company sells new and second hand games. |
Prior to administration Game traded in the UK under the Game and Gamestation names and had 610 shops. | Prior to administration Game traded in the UK under the Game and Gamestation names and had 610 shops. |
In the wake of Game's delisting, administrators closed 277 UK stores, and sold the remaining 333 UK shops to private equity firm OpCapita, which was backed by Elliott Advisors. | In the wake of Game's delisting, administrators closed 277 UK stores, and sold the remaining 333 UK shops to private equity firm OpCapita, which was backed by Elliott Advisors. |
In Spain, 32 stores were closed between 2011 and 2014. | In Spain, 32 stores were closed between 2011 and 2014. |
Previous version
1
Next version