Redde Northgate plc (LON:REDD), the integrated mobility solutions provider, has noted recent media speculation about its interest in Nationwide Accident Repair Services.
The Company confirms it is in advanced discussions about a possible transaction involving Nationwide Accident Repair Services. The Group believes the network of body shops and customer base would be a good strategic addition to its business.
There can be no certainty that a transaction will be entered into, nor the terms of any such transaction. If a transaction does take place, it will be funded through the Group’s own cash resources. A further announcement will be made when appropriate.
