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Pin to quick picksRedde Northgate Share News (REDD)

Share Price Information for Redde Northgate (REDD)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 360.00
Bid: 360.00
Ask: 361.00
Change: 7.00 (1.98%)
Spread: 1.00 (0.28%)
Open: 352.00
High: 362.00
Low: 352.00
Yest. Close: 353.00
REDD Live PriceLast checked at -

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Redde Northgate Confirms Nationwide Accident Repair Services Interest

Tue, 1st Sep 2020 11:35

(Alliance News) - Redde Northgate PLC confirmed Tuesday it is in advanced discussions about a possible transaction involving Nationwide Accident Repair Services.

"The group believes the network of body shops and customer base would be a good strategic addition to its business," the light commercial vehicle hire business added.

Redde works predominantly with insurance companies, insurance brokers, motor dealerships, and national fleet owners and also offers a range of accident management, incident management and legal services.

Nationwide Accident Repair Services is a car body repair business.

"There can be no certainty that a transaction will be entered into, nor the terms of any such transaction. If a transaction does take place, it will be funded through the group's own cash resources. A further announcement will be made when appropriate."

Shares in Redde Northgate were down 1.1% in London on Tuesday at 187.60 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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