ONO Is Said to Consider Picking JPMorgan, Deutsche Bank for IPO

Grupo Corporativo ONO SA is close to hiring banks for an initial public offering, according to two people with knowledge of the matter.

The Spanish cable operator may pick Deutsche Bank AG and JPMorgan Chase & Co. in the coming weeks for the IPO after inviting banks to bid for the work, the people said, asking not to be identified before a final decision is made. Madrid-based ONO held talks with investment banks in December and could sell shares this year if it decides to proceed, the people said.