Tavistock eyes division sale to financial planning group Saltus

Tavistock considering selling part of the group's business

Sahar Nazir
clock • 1 min read

Tavistock Investments has today (28 June) confirmed that it is considering a number of potential transactions including a possible disposal of part of the group's business to financial planning and investment management services group Saltus.

The firm said that there can be "no guarantee that such a transaction will be concluded, and the board will only proceed with such a transaction if it considers it to be in the best interests of the company and its shareholders". Following the statement, Tavistock's shares jumped 8.9%, at 3.7p. The firm's largest shareholder is its chief executive Brian Raven, who holds 12.6% of its shares. Read more: Tavistock reports 19% revenue surge on back of Titan Wealth payments

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