Financial Times FT.com

Gartmore to cut debt with £250m IPO

By Kate Burgess

Published: November 20 2009 08:23 | Last updated: November 20 2009 19:20

Gartmore, the asset management group, is to float on the London Stock Exchange, raising at least £250m by issuing new shares to cut back its debt.

The group, which has about £22bn under management, is expected to be worth about £900m.

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