Tuesday, October 18, 2005

Sesame, the Misys owned financial advisory service may be sold off at bargain price

Sesame, the Misys-owned financial advisory service, may be sold off at a bargain price, according to stockbroker Cazenove, analysts have stated that Sesame had proved difficult to sell since it was first put on the market earlier in the year, and consultants had now been hired to hasten the deal. Original estimates of the UK business from outside had put its value at around �300m but according to Cazenove that is now more likely to be between �50m and �60m.

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