Betaville

UNCOOKED ALERT: Impellam Group said to ...

A Dutch company is rumoured to be in advanced talks to buy Impellam Group, the Aim-listed staffing whose majority shareholder is Lord Ashcroft, the British businessman and former deputy chairman of the Convervative Party.

Impellam has been in an "offer period" since April last year. Impellam appointed bankers from Houlihan Lokey to act as a financial advisor after Lord Ashcroft, who owns 62pc of the company, said he is weighing a sale of his shareholding...

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