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(Sharecast News) - R&Q Insurance Holdings responded to press speculation on Friday morning regarding a potential sale of its programme management business Accredited.
The AIM-traded company had previously announced that it was reviewing strategic options, including the legal separation of Accredited and R&Q Legacy.
"The board confirms that it is in an advanced stage of discussions with Onex Corporation regarding a potential sale of Accredited," it said in its statement on Friday.
"If and when appropriate, a further announcement will be made."
At 0951 BST, shares in R&Q Insurance Holdings were up 13.36% at 55.49p.
Reporting by Josh White for Sharecast.com.
