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Deadline Extended in York-based CPP Buyout

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4:14pm 31st May 2013

The deadline for a major shareholder to make an offer to buy out the rest of York-based financial firm CPP has been extended.

Hamish Ogsten already owns about half of the firm, which employs around 900 people in the city.

It had been the case that he had until 5pm today to either make an offer to buyout the rest of the firm or the decline.

But there are still two pre-conditions which need to be met before he will decide to buy out the firm; namely checking the CPP books and new credit arrangements being made for the firm.

The deadline has now been extended to 5pm on the 30th August.

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