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Interesting that in this barely re-worded press release there is no mention of a sale price. Can we guess, given the scale of the debt and ongoing losses that ‘capture’ and ‘acquisition’ are used to signify that the business had no value beyond its debts?

It is of further interest that the release focusses on EY’s income and potential rather than Riverview’s.

I am going to boldly assert that this is much more insignificant news than the headlines would suggest.