Skip to main content
The Markets by Proactive
Go to Proactive UK

Manufacturing & engineering

Saietta Group to appoint administrators

Saietta Group PLC said it had concluded its strategic review without finding a buyer or securing the necessary additional funding. As a result, the company will appoint administrators, ending the formal sale process and the offer period under the Takeover Code. Chairman Tony Gott said there has been 'genuine interest' in the business, adding that talks with certain parties would continue in administration.