Synstar to float

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The Independent Online
Synstar to float

ROGER FERRe, the chief executive of Synstar, and four fellow directors are expected to own shares worth around pounds 15m when the computer services group joins the London Stock Exchange in March after less than 18 months in private hands.

Synstar, a management buyout from Granada for pounds 89m in September 1997, may be valued at pounds 200m.