13th Dec 2018 10:33
LONDON (Alliance News) - Braveheart Investment Group PLC on Thursday said it is in talks with several parties who are interested in its fund management division.
Shares in the company were trading up 12% at 15.90 pence each on Thursday.
The company added that the unnamed parties are either considering buying the division or entering into some form of a joint ownership arrangement.
Braveheart said: "All of these discussions are at an early stage, and there can be no certainty that they will proceed to a transaction being completed.
"We will pursue all these discussions and provide further updates as and when appropriate."
The company has decided not to proceed with the launch of the Viking Mezzanine Fund which was planned for the first quarter of 2019 pending clarification regarding its fund management division.
Related Shares:
Braveheart Investments