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Game back on market after demise

GAME is returning to London's main stock exchange just two years after the video gaming retailer was delisted as it collapsed into administration.

The turnaround comes after administrators and new owners shut around half of the outlets to scale back a costly store base which, coupled with competition from online rivals, helped lead to its demise.

The listing of a stake of at least 35 per cent before the end of June is expected to value the company, which now has 327 stores in the UK and 233 in Spain where it did not file for administration, at around £400 million.

Chairman David Hamid said the turnaround has been "remarkable".

The company will be renamed Game Digital for the initial public offering.

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