Hyperion IPO likely in late 2013, BP Marsh boss says
The chairman of venture capitalist BP Marsh, which has a 19.4% stake in Hyperion, said it is unlikely the insurance business will float until after Q2 2013 and warned the firm to wait until economic conditions improve.
BP Marsh this morning posted a consolidated profit after tax of £3.6m (2011: £2.6m) and a 7.8% rise in net asset value to £50.1m in its annual results for the year to 31 January 2012.
The company sold
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