Tug of war over Cobra fuels speculation

cobra-tug-of-war-cut

The news that Cobra Holdings was up for sale has had networks in particular rubbing their hands in glee at the prospect of opportunities in the market.

On 3 April the Cobra group announced it was in discussions about a possible sale with both Towergate and a new company called Alto Intermediary Group, formed by current Cobra CEO, Stephen Burrows.

According to the official statement there is no guarantee of a bid coming out of the discussions but the overwhelming sentiment among brokers is that t

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