17.05.2012
By Simon Miller
Plus Markets is in talks with ICAP to shed its loss-making Plus Stock Exchange (Plus SX).
In a statement to shareholders, the group noted the recent press speculation over the cash equities recognised investment exchange Plus-SX and confirmed that it was "in talks with ICAP that may lead to the disposal of its subsidiary company... for a nominal amount due to the loss making nature of Plus-SX."
It added: "As indicated in previous announcements, the board believe that this would be in the best interests of shareholders to preserve remaining shareholder value. There can, however, be no certainty that a transaction will complete.
"There are currently no discussions ongoing in relation to any offer for the group at this time."
Other stories you may find of interest:
ICAP buys Plus-SX for £1
Icap has bought the Plus Stock Exchange on a cash-free, debt-free basis for a nominal £1.
ICAP buys Plus-SX for £1
Icap has bought the Plus Stock Exchange on a cash-free, debt-free basis for a nominal £1.
Arsenal to look for new listing as Plus Markets announces shutdown
Arsenal Football Club is one of over a hundred small companies that will have to find a new listing after British stock exchange Plus Markets announced it was planning to shut down after it failed to attract an acceptable takeover offer.
