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Parts supplier Rubix set for return to London stock market

Rubix, an industrial company that left the stock market five years ago when it was called Brammer, plans to renew its London listing but, this time, with a multibillion-pound market value.

Advent International, the US private equity that has a record of picking up British industrial companies with underperforming share prices — it bought Cobham, the aerospace company two years ago and is behind this year’s controversial £2.6 billion attempted takeover of defence company Ultra Electronicsbought Brammer for a knockdown £220 million in 2016.

That followed a halving in Brammer’s share price in the stock market crash after Britain’s decision to leave the European Union.

Brammer had been punished by investors as it was regarded as the archetypal British company plugged

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