iEnergizer in talks with BPEA about possible sale

9th Jun 2022 14:56

(Sharecast News) - AIM-listed iEnergizer confirmed on Thursday that it is in talks about a possible sale to Baring Private Equity Asia.

Responding to recent press speculation, the company - which provides business process outsourcing - said it was undertaking a review of strategic options as it looks to "maximise value for all existing shareholders".

As part of this process, it has entered into preliminary discussions with BPEA Advisors about a possible sale.

"Discussions with BPEA are ongoing and the board will keep shareholders updated as appropriate," it said, adding that there can be no certainty that any firm offer will be made or as to the terms on which any offer might be made.

At 1510 BST, the shares were up 4.8% at 412.99p.