PropertyEU

Vector scraps IPO on lack of interest

By A staff reporter 2007-06-07T00:00:00

UK's Vector Hospitality has called off its proposed £1.8 bn (EUR 2.65 bn) flotation, citing weak investor demand. Vector said late Wednesday that 'as a result of market conditions, its offer of ordinary shares has been postponed.' The company did not give an indication of when IPO will go ahead.

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