Support services provider Veris today confirmed that a possible offer for its property and facilities management businesses may be forthcoming.
The Dublin-and London-quoted group said that it has granted access to an unnamed party to carry out due diligence with a view to making a formal offer to purchase the division.
Veris stressed that there is no certainty that a formal offer will emerge or that it will be at a price which will be recommended to shareholders.
Earlier this month Veris confirmed that chief executive Bernard Farrell is to resign from the company at the end of the July to pursue other investment opportunities. However, he will remain on the board as a non-executive while Veris continues with its strategic review.
Last April, the company sold its moving and storage division for €74,000 to Capstar, whose approach a month earlier sparked a review of the overall business.
Group chief financial officer John O’Donoghue is due to resign at the end of October, and has already resigned as company secretary.
Niall McFadden, who owns 5.9 per cent of the group directly and 13.1 per cent through his investment vehicle, Boundary Capital, is to take over as executive chairman of Veris.