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SSE sells retail business to OVO Energy

Sun, 15 Dec 2019 | DIVISION SALE
Power utility SSE has announced it has completed the sale of its retail arm SSE Energy Services to OVO Energy for £500 million. SSE will use the proceeds of £400 million cash plus a £100 million loan note to tr... continue reading



KPMG agrees to sell pensions arm

Fri, 06 Dec 2019 | DIVISION SALE
Professional services network KPMG has announced that it has reached a conditional agreement to sell its pensions practice to Newco, in a private equity-backed MBO. The deal is backed by private equity firm Exponent, along with K... continue reading



Administrators seek buyer for auction firm

Thu, 04 Jul 2019 | DIVISION SALE
A large retail agency and professional services business has appointed administrators and ceased trading with its rural auction branch. With eight sites across Cheshire and Derbyshire, Wright Marshall currently employs 129 employ... continue reading



Allianz announces home insurance deal with L&G

Tue, 30 Apr 2019 | DIVISION SALE
Allianz has revealed that they're holding "exclusive talks" with Legal & General amid plans to buy their home insurance business for up to £350 million. The German insurance giant has stated that it is in advanced talk... continue reading



BT to sell off its fleet division

Sat, 10 Nov 2018 | DIVISION SALE
BT Group is preparing to sell its fleet management arm encompassing 333,000 BT and Openreach-branded vehicles. The deal is anticipated to provide hundreds of millions of pounds for the telecom provider. Although in its early sta... continue reading



South Yorkshire outsourcing specialist sells division

Thu, 23 Aug 2018 | DIVISION SALE
Outsourcing specialist, Parseq has sold its contact centre division to Kura Group, a customer services outsourcer based in Scotland. The sale was led by executive chairman and CEO Rami Cassis and is said to have created “sig... continue reading



Food giant to potentially sell parts of its business

Thu, 19 Jul 2018 | DIVISION SALE
Facing mounting debt and unpopular management, Premier Foods is considering the sale of parts of its business. Its chairman Keith Hamill said: “I don’t think anything is off the table,” noting that Premier Food... continue reading



Pub group looking to sell its commercial property division

Fri, 13 Jul 2018 | DIVISION SALE
Ei Group, the UK’s largest pub company, is looking to sell its commercial property division which has a potential valuation of up to £300 million. Formerly known as Enterprise Inns, Ei Group has appointed Rothschild ... continue reading



Trading up for Menzies as search for buyer continues

Fri, 18 May 2018 | DIVISION SALE
Logistics group John Menzies has reported that is trading ahead of last year as it continues to search for a buyer for its newspaper and magazine distribution arm. Ahead of the firm's AGM, the company announced that it is ho... continue reading



Thomas Cook considers sale of Club 18-30

Tue, 15 May 2018 | DIVISION SALE
Thomas Cook has announced it may consider selling its Club 18-30 brand following the 2018 summer season after 20 years of ownership. According to a company spokeswoman, the leading holiday firm remains "committed" to Club 18-30 f... continue reading



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