24th Jan 2017 10:21
LONDON (Alliance News) - MBL Group PLC on Tuesday said it has received expressions of interest in its trading divisions after putting them up for sale in December.
The home entertainment and garden products wholesaler said in December that, following a strategic review, it concluded other companies would be "better placed" to develop its two trading operations, one of which supplies music and entertainment products to retailers and the other of which sells bird food and aquatic supplies.
On Tuesday, MBL said it has received "expressions of interest" in both businesses. It is currently in the process of hiring a corporate finance firm to handle the sale and has been collating all the necessary information needed for buyers to cast an eye over the two divisions.
Shares in MBL were up 4.0% to 13.00 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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