Rok sales negotiations continue

Rok administrator PwC has confirmed that negotiations regarding the sale of Rok divisions are ongoing and likely to continue over the weekend.

Rob Hunt, partner and joint administrator, PwC said:

“The last 48 hours has seen several parties undertaking due diligence on all three divisions. We cannot identify those parties at this stage, but many are well known names in the industry. The parties are continuing the diligence process with us on the Rok sites before, hopefully, formulating their proposals during the remainder of today.

“We are encouraged by the progress made; dialogue is expected to continue over the weekend and we remain hopeful that we will be able to secure a sale of some of the remaining businesses. We are working closely with employees, suppliers and customers and should continue to update them.

“ We expect to have further updates early next week.”