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Baltic Classifieds Group plans to float in London

By Reuters

– Baltic Classifieds Group, owned by private equity fund Apax Partners, said on Friday it plans to list on the London Stock Exchange, targeting a free float of at least 25% of the online classifieds firm’s issued share capital.

The company, with portals across automotive, real estate, and jobs and services, said it expects the offer to consist of both new shares and existing shares to be sold by Apax.

Baltic Classifieds, founded in 1999 and focussed in Lithuania, Estonia and Latvia, said its portals attracted 69.2 million visits on average per month in the financial year to April 30.