'No certainty' Alliance Trust Savings platform to be sold

Valued at £38m by parent company

Tom Ellis
clock • 1 min read

Alliance Trust Savings' (ATS) parent company Alliance Trust has said there is "no certainty" its board will decide to sell the platform.

The firm said it has received "a number of expressions of interest" in the platform and is considering whether a change of ownership "would be in the interests of Alliance Trust shareholders and ATS' customers and staff".  It added: "Discussions with interested parties, each of whom envisage maintaining or growing ATS' presence in Dundee, are at an early stage and there can be no certainty that the Board of Alliance Trust will decide to sell ATS." Although it has been loss-making recently, ATS posted a profit of £23,000 in the first half of 2018, compared to a £1.5m loss in the same p...

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