Contractor set to remain in overseas ownership with management rejig planned by would-be buyer
ISG鈥檚 chairman has told staff its deal to sell the business 鈥渃ontinues to progress鈥� more than two weeks after he said a sale would be wrapped up 鈥渨ithin days鈥�.
The firm鈥檚 US owner Cathexis is in negotiations to sell the contractor to a South African businessman but no announcement has been made despite Matt Roche, who is also the chief operating officer of Cathexis, promising on 5 July a deal was 鈥渧ery near鈥�.
In his latest update, seen by 星空传媒, Roche said international deals 鈥渙f this scale and complexity take time to go through鈥�.
