LONDON (Reuters) - British Car Auctions (BCA), the UK's largest seller of second-hand vehicles, is lining up a team of banks for a stock market listing planned for after the summer, the Sunday Telegraph newspaper reported, without citing sources.
BCA's owner, private equity firm Clayton Dubilier & Rice, is close to instructing a total of six banks, led by UBS , HSBC and Numis Securities, for an initial public offering, the newspaper said.
Established more than 60 years ago, BCA operates in 13 countries and sells around 1 million vehicles a year, according to its website.
It could be worth as much as 1.2 billion pounds ($2 billion), the Sunday Telegraph added.
BCA was bought by Clayton Dubilier & Rice in 2010 for around 400 million pounds.
Neither firm was immediately available for comment.
($1 = 0.5876 British Pounds)
(Reporting by Clare Hutchison; Editing by Mark Potter)