TravelMole
Agent

HRG resumes listing plan

Friday, 6 October 20063 min read

Hogg Robinson Group is going ahead with a Stock Exchange listing despite postponing the plan a week ago.

The price for sahres in the travel management company are due to be set on Monday.

The company had blamed adverse market conditions for pulling the planned £380 million flotation but is going ahead at a lower sahre price, the BBC reported.

HRG will reportedly look to raise around £180 million from the revided listing and use the funds to help reduce debt.

Report by Phil Davies