View more on these topics

PwC to work through “handful” of bidders for Keydata

PricewaterhouseCoopers has shortlisted firms in the race for Keydata business to “a handful”.

According to PwC the deadline for bids was this morning and administrators have now narrowed down the number of bidders to “a handful” to work through.

PwC says it is not expecting to make an announcement regarding these bidders today.

A spokeswoman says: “It’s no deadlines now, it’s just a case of working through the bids.”

PwC could not give any further information on the identity or the number of those on the short-list but said it was still confident of completing a sale this week.


Recommended

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Ned naylor - IFA 16th June 2009 at 12:41 pm

    Snapping it up!
    If Keydata was in such difficulty, why are there numerous bids on the table so quickly to take it over?

    It would seem that all this trouble and distress caused to investors could have been avoided if the FSA had taken a more measured view of the situation and not acted hastily.

    The damage to market confidence has now been done, who is going to buy the firms products now and what is more, how can advisers rely on the structured product industry to provide what clients need.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com