Millfield sells RTS Group holding

The disposal of its interest in RST Group comes just a day after Millfield announced it had been subject to a preliminary approach from an undisclosed third party that may or may not lead to an offer for the company. Under the terms of the arrangement, RST Group and one of its subsidiaries, RST Accountants, will repay £500,000 of intra group debt to Millfield, £400,000 of which has already been repaid, with the final £100,000 to be paid in the next six months. The deal consists of Millfield selling its 20% interest in the capital of RST Group and its 19% interest in the capital of RST...