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The Independent UK
The Independent UK
Business
Holly Williams

YOU WONT BELIEVE: Toy firm hornby unveils plans to go private | Mind Blowing Facts

Model train firm Hornby has revealed plans to go private (Danny Lawson/PA) - (PA Wire)

Mike Ashley-backed Scalextric and model train firm Hornby has revealed plans to go private, blaming regulatory hurdles and costs involved with a stock market listing.

The Aim-listed group – which has been undergoing a turnaround with advice from Frasers founder and billionaire Mr Ashley – said it plans to re-register as a private company to help with its ongoing overhaul.

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