Sky Bet "in early stages" of £1.5bn stock debut
A POTENTIAL float could be in the works for Sky Betting and Gaming, just over a year after splitting with Sky.
Sky Bet, owned by CVC Capital Partners following an £800m takeover in March 2015, is in the early stages of a floatation, according to The Sunday Telegraph.
It said it understood that the private equity owners are looking at a float early next year in collaboration with TV giant Sky.
A spokesperson for Sky Bet said: “No decisions have been made or process started regarding these issues.”
Sky retains a 20% stake in the gambling business.
