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Consolidated Operations in talks to buy Thorn Group's equipment finance business

Consolidated Operations Group Ltd. said it is in talks with Thorn Group Ltd. about a potential acquisition of Thorn's equipment finance business.

The company noted that the potential deal does not include Thorn's Radio Rentals consumer leasing business. It added that there still remains a number of outstanding issues and matters before the parties can reach an agreement.

Consolidated Operations Group's statement came after an Aug. 20 report from The Australian that said the company was among four parties in talks to buy Thorn, which is conducting a strategic review.