Miller Group seeks banks

Marion Dakers

ER Group is on the hunt for banks to weigh up its options as the British housing market continues to surge.

The housing firm, controlled by a subsidiary of Blackstone, has approached banks to advise on an initial public offering or other expansion strategy.

Edinburgh-based Miller declined to comment yesterday. Chief executive Keith Miller said in an update earlier this month that the firm had “a strong base from which to plan for the future development of the business”.