Forterra floated on London Stock Exchange

摘要

Forterra, the UK's second largest brick-making firm, have been admitted to the London Stock Exchange's in a move that values the company at £360 million. The floatation comes as the company seeks to capitalize on the growing UK housing market. Forterra (formerly Hanson Building Products) have been owned by an American affiliate of US private equity firm Lone Star Funds since their divestment by HeidelbergCement in March 2015. Last month's initial public offering comprised the sale of 70 million shares, representing 35% of the total, priced at 180p.