R&Q in advanced talks with possible Accredited buyer
R&Q Insurance Holdings Ltd (DI)
0.08p
17:30 18/07/24
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0.00p
R&Q Insurance Holdings responded to press speculation on Friday morning regarding a potential sale of its programme management business Accredited.
FTSE AIM 100
3,551.02
15:40 19/05/25
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FTSE AIM All-Share
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15:40 19/05/25
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Insurance (non-life)
4,550.59
15:40 19/05/25
-0.06%
-2.75
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.