Hyperion plans stake sale, reports say

Sale sign

Hyperion is planning a minority stake sale and has hired Morgan Stanley to advise on the matter according to reports.

An article on Reuters stated that the broker is hoping to sell around 25% of the business to a sovereign wealth fund or long term investor.

Hyperion is the owner of brokers RK Harrison, Howden and underwriter Dual.

Hyperion reported a 45% increase in revenue for the financial year ended 30 September 2016 to £434m.

However it made a loss of £38m due to the RK Harrison

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