A London-listed provider of fire safety services backed by Lord Ashcroft, the former Conservative Party treasurer, is exploring a sale of its biggest division by sales in a move that could generate proceeds of about £650m.
City sources said a process to hold exploratory talks with potential bidders had got underway in recent weeks. Insiders cautioned, however, that a sale would only take place if bidders met management's expectations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: