April 29, 2014 / 8:47 AM / 4 years ago

Ireland's eircom hires Goldman, Morgan Stanley for possible listing

DUBLIN, April 29 (Reuters) - Irish telecoms firm eircom has appointed Goldman Sachs and Morgan Stanley to advise it on a possible stock market listing two weeks after announcing it was considering a third flotation in 15 years.

The two banks will “explore strategic options for the company including a potential international offering and listing,” eircom said in a statement.

Earlier this month eircom said it had hired bank Rothschild to advise on a possible flotation.

The former state telecoms operator filed for protection from its creditors two years ago to restructure 3.75 billion euros ($5.2 billion) of debt and was taken over by its senior lenders after cutting its debt by 40 percent.

The examinership - akin to the Chapter 11 bankruptcy process in the United States and administration in Britain - was the largest in Irish corporate history and saw nearly all of the company’s junior debt wiped out. (Reporting by Conor Humphries Editing by Jeremy Gaunt)

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