British Car Auctions prepares to float - report

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)