Keydata's administrators have been approached with a view to buying the stricken company, it has been revealed.
Jubilee Financial Products (JFP) says it approached PricewaterhouseCoopers (PwC) to express its interest in the firm. The structured products plan manager was declared insolvent by the FSA yesterday, though a number of its funds with portfolios based on AIM or venture capital trusts will continue to be traded. JFP chief executive Adam Habib says: "The structured product range offered by Keydata is a good fit with the JFP philosophy, and we consider ourselves to be a serious buyer for the company." "Clearly, these are early days in the process and we will be guided by PWC as to the tr...
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