Vertu Motors says in reverse takeover talks

Newswire

LONDON, Feb 22 (Reuters) - Britain's Vertu Motors Plc , which was floated in December to make acquisitions in the UK motor retail sector, said on Thursday it was in discussions about a possible reverse takeover which would involve an equity fundraising. Its shares were suspended from Thursday at the company's request, it said in a statement. The directors, who formerly worked at Reg Vardy, said they were looking for motor retail groups such as franchised dealerships and used-car ...

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