20th Apr 2015 05:39
LONDON (Alliance News) - An investment vehicle owned by financier Edmund Truell has made a bid to buy most of the remaining business of Quindell PLC, the Financial Times reported on Friday.
Tatalum, a part of Truell's Disruptive Capital Finance umbrella, has approached Quindell to acquire its telematics business, though Quindell has said it is not ready to sell the assets as neither party is sure exactly how much profit the businesses make, the FT said, citing two people familiar with the matter.
A sale would come after shareholders on Friday approved the sale of Quindell's professional services division to Australian law firm Slater & Gordon Ltd.
http://www.ft.com/cms/s/0/5bfc2886-e4fb-11e4-8b61-00144feab7de.html#axzz3XpBDfttT
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Quindell