Slater + Gordon to buy law firm from troubled Quindell in UK

Quindell, the UK-listed company with a troubled history, says it has received the regulatory clearance which will let it sell its law firm subsidiaries to the Australian personal injury specialist.

London: Slater & Gordon will acquire Quindell's law firm alice-photo

The sale is expected to take place for a price of  £637m. Shareholders in Quindell will hope that the sale will put the troubles of the past well behind them. Quindell shares were volatile and falling until an announcement was made about the intention to sell off this part of the business. The company says it has now received permission from the Financial Conduct Authority to sell the shares. Source: FT

Email your news and story ideas to: news@globallegalpost.com

Top