R&Q in advanced talks with possible Accredited buyer
R&Q Insurance Holdings Ltd (DI)
11.50p
15:34 28/11/23
0.88%
0.10p
R&Q Insurance Holdings responded to press speculation on Friday morning regarding a potential sale of its programme management business Accredited.
FTSE AIM 100
3,408.81
17:14 28/11/23
n/a
n/a
FTSE AIM All-Share
712.57
17:14 28/11/23
n/a
n/a
Insurance (non-life)
3,425.23
17:13 28/11/23
-0.45%
-15.46
The AIM-traded company had previously announced that it was reviewing strategic options, including the legal separation of Accredited and R&Q Legacy.
“The board confirms that it is in an advanced stage of discussions with Onex Corporation regarding a potential sale of Accredited,” it said in its statement on Friday.
“If and when appropriate, a further announcement will be made.”
At 0951 BST, shares in R&Q Insurance Holdings were up 13.36% at 55.49p.
Reporting by Josh White for Sharecast.com.