Riversdale float could be shelved PLANS for a $250 million-plus float of a pub company backed by high-profile investors, including Mark Carnegie, could be shelved, as the group instead turns its attention to a potential recapitalisation by a financial services group. The Riversdale pub group, which is backed by high-profile investors such as former Qantas boss Geoff Dixon and advertising veteran John Singleton, has engaged with investment bank Citigroup about plans to list a company on the Australian Securities Exchange that would be valued at $250m to $500m and include pubs, marinas and potentially other assets such as hotels, car parks and self-storage facilities, a source says.