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Aquilo confirms progress in motor unit sell-off talks

Aquilo, a UK-based provider of services to insurers and insurance brokers, has confirmed that it has entered into exclusive talks with a major UK company in relation to the proposed sale of its Aquilo Motor Services subsidiary.

The confirmation follows the recent announcement that Aquilo was continuing with talks relating to the sale, which it said may or may not lead to an acquisition of one or more businesses of the group.

We are pleased to have a proposed deal which, if it completes, will benefit all the stakeholders of the company, offering continuity of business and financial stability, Aquilo chairman Kevin Keasey told ShareCast.