Cognotec seeks buyer
DUBLIN – KPMG partner Kieran Wallace, who was appointed receiver of electronic foreign exchange software provider Cognotec on January 22, said he is still hopeful a buyer can be found for the group. Cognotec went into receivership more than a week ago following an application from Barclays, which according to reports is owed $9 million by the company. Reports say the Barclays loan that led to receivership was advanced in 2006 and at that time amounted to $12.5 million.
Wallace confirmed the
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