EDINBURGH-founded merchant bank Quayle Munro (QM) has completed the sale of its Scottish corporate advisory business to four directors for a token £1.
QM retains a 30% stake in Quayle Munro Project Finance, and said it was confident about the Scottish arm's prospects, despite unveiling a £440,000 loss for the operation last year. "We are very confident with the arrangement we have made with the senior people in Scotland to buy the business and refocus it," said chairman Andrew Tuckey.
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