• Mantra heads to market

Owners of Australian serviced apartment operator Mantra are making a fresh attempt to float the company. An earlier IPO planned for March fell away due to lack of support, reports the Sydney Morning Herald.

This time the deal looks set to raise AUD250m to return to shareholders CVC and UBS. Mantra runs hotels and serviced a apartments, and has annual revenues of AUD450m.
Read the full story here:
http://www.smh.com.au/business/markets/mantra-group-prices-float-on-second-attempt-20140529-3959g.html

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