21st May 2018 15:51
LONDON (Alliance News) - Uvenco UK PLC on Monday said that it is in talks over selling off its hot drinks manufacturing business Drinkmaster Ltd, in addition to coffee machines provider Uvenco Ltd and franchising company Snack In The Box Ltd.
The stock was untraded on Monday, last quoted at 0.62 pence per share.
Last Monday, the vending operator company said that it was in discussions to sell its two trading subsidiaries to an unnamed buyer.
Uvenco UK has now confirmed that the potential buyer is no longer considering buying those companies as going concerns.
However, the company said it has received, from the same buyer, an offer to acquire the assets of other trading subsidiary Drinkmaster, on its own or in addition to earlier discussed firms.
Uvenco UK said its shareholders will meet later on Monday to discuss options.