LMS In Talks To Sell Energy Cranes

LMS Capital PLC confirmed that it is in talks on the sale of its offshore crane supplier, Energy Cranes.

The statement was issued in response to recent press speculation.

On Saturday, The Daily Telegraph said Close Brothers Private Equity was in advanced talks to buy Energy Cranes, and cited sources saying the deal could be worth over 100 mln stg to LMS.

LMS, an AIM-listed investment company, is due to report its full year results tomorrow.