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Torex Retail looking at a possible sale
02/04/2007
Torex Retail, the software-development business, has asked investment bank Jefferies International to advise on future options for the business. Reports have suggested that the company more likely to be broken up than sold outright, but the company has declared a strong preference that it be kept together as a whole. Golden Gate and Gores, the restructuring investment houses, have been named in the press as potential buyers. The Serious Fraud Office, the London Stock Exchange and the Financial Services Authority are currently investigating Torex, the item noted. The potential sale is said to be fully supported by key backer Royal Bank of Scotland and was motivated by significant interest in the company.

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