Eircom is planning to appoint domestic corporate advisers in the next couple of weeks to help it with its proposed IPO.
Eircom has already hired Rothschild, Goldman Sachs and Morgan Stanley to advise it on its potential strategic options and is now looking to add a local adviser to the line up.
Davy, Goodbody Stockbrokers and Investec are all thought to be in the frame for the high-profile mandate. Eircom has been listed on the stock market twice before with Goodbody and Davy previously used as advisers for these listings.
The appointment will be mark the latest step towards returning Eircom to the stock market, possibly by September. It is not clear if the company will seek to list in Dublin or London or take a dual listing.
On April 29th, Eircom said it had appointed Goldman Sachs and Morgan Stanley to explore “strategic options” for the company including a potential international offering and listing. It followed the appointment of Rothschild as independent financial adviser to Eircom.
A listing could generate funds to pay down the €2.3 billion debt owed to its existing owners and to generate capital to invest in the business.
