Despite an earlier statement from Deloitte & Touche saying it was ‘likely’ the float would take place in spring 2001, CSL this week said no firm decision had been taken on the timing of the flotation.
But Glenn Timms, chief operating office of CSL, confirmed the flotation was still under active consideration, saying: ‘The timing was aspirational on their (Deloittes) part, not a definite commitment.’
Deloitte & Touche announced in July last year that it had decided to float the outsourcing company, setting a possible date of spring this year and has since transferred the ownership of the business from the firm to its partners and the management of CSL.
At the time, market analysts put a figure of #200m on the possible float.
Timms denied the current turbulence in the stock market would have a bearing on the flotation. He said: ‘There is still a strong demand for business process outsourcing companies.’
For further information on CSL and Deloitte & Touche, go to www.csl-deloitte.co.uk.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice