CPP conducts strategic review
12/11/2007
According to reports British phone and credit-card protection-plan provider CPP is conducting a review of the business, which could result in a sale.
UBS has been appointed to carry out the review of the business, which could fetch £500m. Another possible option is an IPO early in 2008.
CPP, which is expecting sales of £225m this year, has previously received unsolicited approaches to take over the company from a number of parties, but the strategic review is not thought to have been instigated because of a recent offer.
