PRI Group has told its advisers to continue talks with insurer Brit, and other potential parties about a possible sale of the business.
In a statement this morning, PRI advised its shareholders to take no action as it considered the approach from Brit.
PRI made it clear that it wanted the deal to be concluded quickly.
PRI added that it recognised the benefits that could accrue from a combination of the company with a strategically compatible business.
It added that its objective was to identify the combination, which maximised value for shareholders.
