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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