10th Sep 2013 13:17
LONDON (Alliance News) - Tanfield Group PLC Tuesday said it is moving towards the completion of the sale of its powered access division.
The work platform technology company said that the undisclosed potential purchaser is completing its due diligence process and will soon complete a suitable contract.
The company also said that it has secured a debt facility of GBP500,000 from two of its directors to bolster the company's cash position ahead of the sale.
Tanfield said further updates will be issued in due course.
Tanfield shares were up 0.75 pence, or 3.3% to 23.75 pence Tuesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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