Ailing Quindell to raise cash through sell-off

LEGAL, insurance and telecoms outsourcing group Quindell is in talks over the disposal of parts of the business to help generate working capital.

In a stock market statement, it said it had entered into exclusivity arrangements with a third party over the sale of an operating division, and was exploring possible transactions relating to a "number of operating businesses".

Quindell grew rapidly in recent years and acquired five North West businesses.

But its market value crashed last year, losing mor... You can carry on reading TheBusinessDesk.com 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...