Private equity firm TA Associates is planning to list Czech Republic-based W.A.G. Payment Solutions, better known as Eurowag, on the London Stock Exchange, two sources told Reuters this evening.
If the listing goes ahead, it would be seen by many as a reaffirmation of London’s attractiveness to European companies in the aftermath of Brexit. The transaction may be launched as early as September and globally coordinated by Citi, Jefferies and Morgan Stanley, according to the report.
One of the sources added that W.A.G. payment solutions could see a valuation in excess of £1.4bn and would target a premium listing and inclusion in London’s FTSE indices.
