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Owner of Addison Lee selling London Uber competitor

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July 2, 2024
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London-based minicab firm Addison Lee’s owners have begun exploring a potential sale of the company, four years after taking control. According to sources, investment bank Jefferies has been hired by the majority shareholder, Cheyne Capital, to gauge interest in a takeover. It is understood that the process is still in its early stages and may not result in a transaction. The valuation of Addison…

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