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May 12 (Reuters) - Anite Plc, which providessoftware to travel and wireless clients, has entered exclusivetalks to sell its travel business to LDC, the private equity armof Lloyds Banking Group Plc, The Telegraph reported onSaturday.
Anite's shares rose as much as 8.4 percent in early tradingon Monday, making the stock the top percentage gainer on theLondon Stock Exchange.
The Telegraph reported that Anite's travel division couldfetch around 40 million pounds ($67.4 million). It said Evercorewas advising Anite on the sale process. (http://r.reuters.com/myb39v)
Anite declined to comment on the report when contacted byReuters. LDC could not immediately be reached for comment.
In a trading update on Monday, Anite said it was stillinvestigating the potential sale of its travel reservationsoftware business, in line with its previously announcedstrategy to focus on its wireless division.
Anite said in February that it was considering selling itsAnite Travel unit. The business accounted for about 15 percentof the company's total revenue of 132.5 million pounds ($223.13million) in 2013.
The sale of the travel business would leave Anite with itswireless network and handset-testing business. Its clientsinclude Samsung Electronics Co Ltd and VodafoneGroup Plc.
Anite also said it expected full-year revenue and adjustedoperating profit for the year ending April 30, 2014 to be inline with expectations.
The company's stock was trading up 8.1 percent at 89.25pence at 0710 GMT. ($1 = 0.5938 British Pounds) (Reporting by Noor Zainab Hussain in Bangalore; Editing byRobin Paxton)
