Who'll buy Hudson?
19th January 1980, Page 7
19th January 1980
Page 7
Page 7, 19th January 1980
— Who'll buy Hudson?
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Keywords :
Contract Law, Business Law, Marketing, Leasing, Renting, Severa, Negotiation, Envi Software, Envi
NEGOTIATIONS for the sal, of Essex-based Chris Hudsoi International are still in pro gress.
The receiver has met severa prospective buyers of thi company whose vehicle asset (500 trailers and 40 units) an valued at nearly £2.5m Around E2m of this i, accounted for by outstandini leasing and hire-purchas1 agreements.
A spokesman for th( receiver said he could no reveal how many companie! are involved in negotiation! but said they were takin.g longer than originally envi saged.
The spokesman said: "It': not exactly a good economic climate for selling businessel at the moment, but we stil hope to sell the whole business as a going concern."