Potential disposal
November 27 2006 - 10:53AM
UK Regulatory
RNS Number:7762M
Aquilo PLC
27 November 2006
AQUILO PLC ('Aquilo' or the 'Company')
POTENTIAL DISPOSAL OF THE BUSINESS OF AQUILO MOTOR SERVICES LTD
Aquilo plc today announces that it has entered into exclusive negotiations with
a major UK plc in relation to the disposal of the business of Aquilo Motor
Services Ltd, a subsidiary of the Company.
This follows an announcement on 22 November 2006 that the Board of Aquilo was
continuing negotiations with certain parties which may or may not lead to
acquisitions of one or more subsidiaries of the Company.
Professor Kevin Keasey, Aquilo Chairman said, "We are pleased to have a proposed
deal which, if it completes, will benefit all the stakeholders of the Company,
offering continuity of business and financial stability".
A further announcement will be made once terms of the transaction are agreed.
Further enquiries:
Clive Nicholls, Chief Executive Officer, Aquilo plc 020 3008 5514
Crispin Burdett, Company Secretary, Aquilo plc 020 3008 5515
John Riddell, Noble & Company Limited 0207 763 2200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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