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Travelport expected to float on London stock market

Travelport is expected to announce plans to float on the London stock market later this week, according to reports.

The global distribution system provider, which is based in Langley, Berkshire, had planned to float in 2008 but changed its plans when the markets faltered. The floatation is expected to value the company at about £1.8 billion.

The flotation is being handled by UBS, Goldman Sachs, Barclays Capital, Citigroup, Credit Suisse and Deutsche Bank, reports claim.

The company aims to raise £1.2 billion through the sale of new shares to reduce debts taken on by Blackstone, its private equity owner.

Travelport’s flotation could pave the way for other companies to follow suit, including Madame Tussauds owner Merlin Entertainments.

A spokeswoman for Travelport declined to comment on the reports.

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