(Alliance News) - Equiniti Group PLC on Monday confirmed that it is in discussions for the potential divestment of part of its subsidiary Equiniti Financial Services Ltd.
The asset under discussion is the financial administration outsourcer's direct-to-consumer customer book, predominantly the Selftrade business.
Selftrade is an online share dealing platform that offers a range of investment accounts.
Negotiations are in progress, but remain subject to commercial, operational and regulatory discussions. Equniti stressed that there was no certainty that any deal would be concluded.
Shares in Equiniti were flat at 118.80 pence on Monday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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