Vero in talks with unknown buyer

Vero in talks with unknown buyer
Melanie Reynolds Vero has said it is talking to a potential buyer for the company as it reported disappointing end of year results. Pre-tax profits were down by 26 per cent to ?10m on a turnover down 4.5 per cent to ?101.2m. All the company would say is that it is currently in talks with an undisclosed third party regarding a takeover bid. The results were blamed on the strength of sterling and a decline in sales to Ericsson, a major customer.


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