TP Group Receives Interest In Possible Sale Of TPG Maritime Business

(Alliance News) - TP Group PLC on Wednesday said it has received expressions of interest for the ...

Alliance News 13 January, 2021 | 11:09AM
Email Form

(Alliance News) - TP Group PLC on Wednesday said it has received expressions of interest for the potential sale of its maritime engineering business TPG Maritime Ltd in Portsmouth, England.

The Reading, England-based consulting, software and engineering services provider said that in light of the interest, it has appointed advisers to review the opportunities and consider the best strategic options for the business.

Shares in TP Group were up 4.1% at 6.35 pence in London on Wednesday.

TP Group said that there can be no certainty at this stage that a formal agreement will be reached, nor any agreement terms, and any disposal would be "in-line with the company's strategy to focus on delivering consulting, digital solutions, advanced-technology, and bespoke engineering to critical programmes in the global defence, space and energy sectors."

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
TP Group PLC 7.00 GBX 1.45 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies