Friday 26 December 2014

Eircom appoints Goldman Sachs and Morgan Stanley to advise on possible flotation

Published 29/04/2014 | 10:39

Eircom is considering a possible return to the stock markets.
Eircom is considering a possible return to the stock markets.

EIRCOM has appointed Goldman Sachs and Morgan Stanley as it gears up for a possible flotation of the company.

Two weeks ago the company said it was considering its third Initial Public Offering in 15 years.

The banks will "explore strategic options for the company including a potential international offering and listing," the company said in a statement today.

Earlier it hired Rothschild to advise it.

Eircom added that it was “exploring a number of options with a view to further strengthening the financial position of the group. These options include a possible listing on a public market.”

The telecoms firm restructured its €3.75bn in debt and filed for protection from its creditors two years ago.

 It has reduced its debt levels to about €2.2bn and recently renegotiated an extension of some of them.

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