1st Jun 2015 06:57
LONDON (Alliance News) - Management Consulting Group PLC Monday confirmed that it has been approached, and remains in talks, about the possible sale of certain European operations of its Kurt Salmon advisory business.
The company was responding to press reports in France, and cautioned that there's no certainty a deal will be done. It will make further announcements in due course.
Last month, Management Consulting said its outlook for 2015 remains unchanged as the Kurt Salmon business performed well in the first few months of the year and its Alexander Proudfoot arm traded satisfactorily.
Kurt Salmon's revenue in France was stable amid signs of further improvement for its market, while its financial services and retail consulting units in Europe also performed well. The division was performing well in North America and its order book looked broadly flat year-on-year, according to the parent company.
The unit provides advisory services across industries on strategy, deals, operational performance and restructuring.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
MMC.L