Umeco confirms sell-off talks continue

AEROSPACE group Umeco confirmed today it remains in talks regarding the possible sale of its Pattonair supply chain business.

The company, headquartered in Leamington, has declined to say which company is involved in the discussions but there is speculation it could be LDC, the private equity arm of Lloyds Banking Group.

Umeco said in an interim management statement that no agreement had been reached and any deal would first have to be approved by shareholders. A further announcement on the situation is ex... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...