The Times – Logistics firm EV Cargo may move its float overseas

The boss of Britain’s largest privately owned logistics group has suggested that the recent wave of stock market flops in London may drive him to list the business elsewhere.

Heath Zarin, the American private equity investor and chief executive of EV Cargo, has been plotting a £1 billion initial public offering of the group, but although London is on the shortlist it seems more likely that the float will take place in New York or Hong Kong.

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