Interntional law firm Ince has disposed of CW Energy (CWE), a tax consultancy business within the group, back to its original vendors.
The disposal forms part of Ince's strategy to dispose of non-aligned businesses within the group and deleverage its balance sheet.
While there will be no consideration received by Ince from the disposal, it will no longer be liable to pay the original vendors £2.9 million of deferred consideration. This amount will therefore be removed from Ince’s...