LONDON (Thomson Financial) - Aquilo PLC said its IT Solutions Ltd subsidiary
cannot continue trading and that it has appointed KPMG as the administrator for
the unit.
Last month, Aquilo said the party that had expressed an interest in buying
the IT Solutions business had decided not to proceed with the transaction, and
it had therefore appointed advisers to review its options.
The company had bought IT Solutions in June 2006.
TFN.newsdesk@thomson.com
faj/ejp
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.
|