by Friday's Child »
10 Apr 2008 09:09
Getting Citi as an advisor speaks volumes to me. This infers that by going to one of the largest investment banks in the world (used to be the largest on market capitalisation), that this is going to be fairly soon. Nobody hires the top dogs, and pays top dollar, if they are not 100% serious about it, and if they want this to drag on for ages. One expects that we will be finding buyers in the next month or so, with a view to a purchase/takeover contingent upon staying in the Premiership.
I would expect matters to move fairly quickly. Citi also will not want a client with a single trade (although he holds a portfolio of businesses, what else is Mr Mad going to sell of this scale!?) on their books for a substantial period of time in the current financial climate (especially Citi who took huge losses in the Investment Banking and Retail businesses with the "credit crunch").