Fleet News

Auto Indemnity in flotation move

AUTO Indemnity, which provides a range of services for drivers who have had non-fault accidents, has entered into a 'memorandum of understanding' with Millennium Plc, a company which has interests from car dealerships to mining operations.

This is expected to lead to the company floating on alternative stock exchange, AIM, in October. Auto Indemnity expects that £5 million of new equity will be raised for the combined group.

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