Melbourne Based Bookstore Owner Redgroup May Float Before Christmas After Strong Earnings
Book2Book report - Wednesday 04 Nov 2009

Speculation is growing that Melbourne-based bookstore owner RedGroup may list on the Australian Securities Exchange before Christmas after the company posted impressive results.

RedGroup, which owns the Angus & Robertson chain in Australia, the Borders chain in Australia, New Zealand and Singapore, and the Whitcoulls chain in New Zealand, is currently owned by private company Private Equity Partners, which is believed to be keen to offload the business.

The company's results have heightened speculation of a pre-Christmas float.

Smart Company