Soon to rebrand CBG reveals acquisition is imminent
CBG Group has revealed it is involved in talks with a 'number' of businesses and expects to finalise an acquisition deal during the first half of 2010.
The news came as the Manchester-based insurance broker and financial specialist reported a drop in revenue to £8.96m for 2009 (2008: £11.15) and fall in pre-tax profits to £1.03m (2008: £2.25m).
Mike Askew, group managing director of CBG, said the company, which is set to rebrand, was in a "great position" for growth.
"We are talking to a number of people where the price is becoming more realistic. The market has reached a different level than prior to the crash when people were getting
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