ONO likely to kick-start IPO when economy improves

6 Mar 2013

Spanish cableco Grupo Corporativo ONO has reaffirmed its commitment to conducting an initial public offering (IPO) once the country’s economy recovers, according to Bloomberg Businessweek. ONO’s CEO Rosalia Portela was cited as saying: ‘We are ready to do an IPO, but the perception of the Spanish market must improve to allow it.’ The executive’s statement follows on from reports in November in which she was quoted as saying that ONO was ‘still open’ to an IPO in 2014, subject to the condition of the Spanish economy.

Spain, Grupo Corporativo ONO