Baltimore in advanced sale discussions

Irish digitial certification outfit Baltimore Technologies says it is in advanced discussions with several firms to sell all or parts of the company.

  0 Be the first to comment

Baltimore in advanced sale discussions

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

In May, Baltimore appointed JPMorgan to handle a controlled sale process, with a view to seeking a binding offer for the company by 30 June.

In a brief update released to the London Stock Exchange, Baltimore confirms "that it is in advanced discussions regarding several offers for the whole of the company, as well as several offers regarding specific parts of the company".

The firm says it will update the market on the progress of those discussions in due course.

The struggling company, which supplies PKI-based security systems to some of the world's leading banks, fired two-thirds of its workforce during the 2002 fiscal year as revenues and losses mounted.

Sponsored [Webinar] A New Era of KYC - Why it’s time to redefine Client Onboarding

Comments: (0)

[Report] The US Instant Payments Landscape: Navigating Growth and ChallengesFinextra Promoted[Report] The US Instant Payments Landscape: Navigating Growth and Challenges