5th Apr 2024 11:28
(Alliance News) - Shares in Saietta Group PLC on Friday were cancelled from trading on AIM.
This comes after the Towcester, England-based manufacturer of drivetrain systems for electric vehicles firm ended its strategic review and appointed administrators last month, following failure to confirm a buyer for the business or to secure additional funding.
It had confirmed some expressions of interest were received but no proposal provided the necessary liquidity, and noted that talks with interested parties would continue in administration.
Saietta first announced that it was putting itself up for sale amid doubts over its survival in February.
By Sabrina Penty, Alliance News reporter
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