Center Parcs Picks Banks For £2.5bn Listing

The owner of Center Parcs, one of the UK's biggest privately owned leisure companies, has hired investment banks to prepare a £2.5bn stock market listing. Sky News has learnt that Blackstone, the company's owner, picked Bank of America Merrill Lynch and Morgan Stanley on Monday to act as global co-ordinators of an initial public offering, which could take place as soon as this year. The appointment of the two banks comes three months after Blackstone rejected a joint takeover offer fr