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Redde announces merger with Northgate - we don’t get it

03/12/2019 · Redde PLC (REDD) 

Redde announces merger with Northgate - we don’t get it
The support services provider to the insurance industry appeared to have been making considerable progress through an expanding legals services offering but has bizarrely now concluded a tie-up with a pan-european van hire business

Founded in 1992 and formerly called Helphire PLC, Redde (AIM:REDD) works predominantly with insurance companies, insurance brokers, prestige motor dealerships, and large national fleet owners providing a range of accident management, incident management and legal services.

Proposed meger with Northgate

Redde has agreed a share-for-share merger with Northgate (NTG), the van hire group listed on the main market.

The merger will be implemented by means of a court-sanctioned scheme…

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