LONDON Feb 16 British retailers Poundland and
Pets at Home are expected to announce plans this week to list on
the London Stock Exchange, The Sunday Telegraph reported.
Discount retailer Poundland, which is majority owned by
private equity group Warburg Pincus, is planning to go
public in a 700 million pound flotation, the newspaper said.
The company posted record Christmas sales last month,
boosting its potential price tag for a flotation.
Pets At Home, owned by U.S. private equity group KKR
, is planning a 1.5 billion pound flotation in coming
days, the newspaper also said.
Poundland was not immediately available for comment and a
Pets At Home spokesman declined to comment.
The listings would track a wider trend. Online domestic
appliances company AO plans a March listing in London and other
firms, including Russian hypermarket chain Lenta and convenience
store McColl, have made similar announcements.