London-listed NCC weighs sale of cybersecurity arm

NCC Group, the London-listed exertion group, has kicked disconnected a strategical reappraisal that could entail a merchantability of some of its remaining divisions.

Sky News has learnt that NCC has engaged bankers astatine Rothschild to analyse options for its cybersecurity arm, with a merchantability among the imaginable options being considered.

Money latest: Inflation jumps by much than expected

Sources adjacent to the concern said that bulking up the portion done acquisitions oregon streamlining costs were besides nether examination, with the process inactive astatine an aboriginal stage.

A merchantability of the cybersecurity arm, which provides services to large firm customers, would efficaciously precipitate a afloat break-up of NCC Group arsenic it continues to clasp talks with prospective buyers of its different main subsidiary.

In April, Sky News revealed that NCC was being circled by backstage equity firms funny successful acquiring Escode, which specialises successful bundle escrow and verification services, successful a woody worthy up to £400m.

NCC subsequently confirmed the talks and said past period that discussions - thought to see Montagu Private Equity and Bridgepoint - were ongoing.

Read much from Sky News:
Chancellor considering 'changes' to ISAs
Most important portion of Reeves's code was what wasn't said
HMRC doesn't cognize however galore billionaires wage taxation successful the UK

It was unclear connected Wednesday whether it had been approached by prospective buyers of the cybersecurity division.

NCC employs astir 2,200 radical crossed Europe, North America and Asia-Pacific.

Shares successful NCC Group closed connected Wednesday modestly higher astatine 141.6p, giving the institution a marketplace valuation of astir £444m.

NCC declined to comment.