Game set for £400m stock market return

Game shop, Oxford Street, in 2005

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Game intends to relist on the London Stock Exchange two years after the video game retailer collapsed into administration.

The float, which is expected to value the company at £400m, could take place before the end of June.

The group will rename itself Game Digital, and intends to sell a stake of at least 35%.

Hedge fund Elliott Advisors, which owns more than 90% of Game, will retain a significant stake in the business.

David Hamid, non-executive chairman of Game Digital said: "The turnaround of the Game business is remarkable.

"Game in the UK has been transformed and strengthened, while Game in Spain has proved its resilience."

The company sells new and second hand games.

Prior to administration Game traded in the UK under the Game and Gamestation names and had 610 shops.

In the wake of Game's delisting, administrators closed 277 UK stores, and sold the remaining 333 UK shops to private equity firm OpCapita, which was backed by Elliott Advisors.

In Spain, 32 stores were closed between 2011 and 2014.

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