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Locals invited to "own a bit of the London Eye" in Merlin flotation

The company that owns the London Eye, the London Dungeon and the Sea Life London Aquarium has announced plans to float on the London Stock Exchange.

Locals invited to

Merlin Entertainments plans to raise 200 million by floating 20 per cent of the company.

"For a lot of Londoners, it's a chance to own a bit of the London Eye and Legoland," chief executive Nick Varney told the Evening Standard.

The minimum investment will be 1,000 and individual shareholders will be entitled to a 30 per cent discount on either two adult Merlin annual passes or one family Merlin annual pass.

"Over the past decade Merlin has become a truly impressive business, driven by a committed and dedicated management team and backed by supportive shareholders," said chairman Sir John Sunderland.

"I have been impressed by the significant growth that Merlin has delivered as a private company. But there is more to come and I believe Merlin has a very promising future as a publicly listed company."

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