Bidders for the run-off specialist will be anonymous

Run-off specialist Tawa is up for sale, according to a London Stock Exchange announcement.

“The aim is to benchmark the shareholder value creation of the other strategic options available against the potential immediate value to our shareholders of a bid for the entire company,” the statement said.

Any bidders would be anonymous, according to Tawa’s financial adviser and broker Peel Hunt.

The sale process follows a business review announced in June.

Tawa has 113,375,177 ordinary shares of 10p each and trades on AIM.

 

 

 

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