Tuesday, October 18, 2005

Marrakech may float or sell

Marrakech, the private Anglo-Irish procurement software company, is not ruling out any options going forward, according to chief executive John Bantleman. Ideally, the company would list on AIM during the second half of next year, although a trade sale or hunt for a strategic investor would not be out of the question he said.The Irish Independent this week reported Marrakech had recorded an after-tax loss of EUR 4.4m last year, bringing its retained year-end losses to EUR 67.2m.

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