Is Chemist Warehouse taking the next steps towards an ASX float?

The group has held investor sessions and might have appointed an advisor

The Chemist Warehouse Group (CWG) is reportedly taking the next steps towards an ASX float.

Australian Stock Exchange

It’s close to selecting an independent advisor to guide the process and may already have made an appointment, Fairfax reports.

In addition, Macquarie Capital recently held investor educator sessions leading to speculation CWG is testing investor interest.

Chemist Warehouse is reportedly valued at $5 billion and rumours of a potential float or sale have been circulating since last year.

There are good reasons for the group to list on the ASX, Jason