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Sale of books division in question as acquirer says it can't finance deal
Thursday 25 Jan 2018 Author: David Stevenson

Logistics company Connect (CNCT) released a nasty profit warning on 22 January along with other bad news.

The company says its pre-tax profit for its 31 August 2018 year-end will come in short of market expectations.

Hopes for a £11.6m windfall from the sale of its books division are also now in jeopardy.

The buyer Aurelius has told Connect it ‘can see no way of financing this transaction’. (DS)

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