British subprime lender Amigo launches formal sale process

LONDON (Reuters) - British subprime lender Amigo plc has launched a strategic review and formal sale process, it said on Tuesday, following a challenging year for the Bournemouth-based company. The loans guarantor said it had received indications of interest from several parties, and had entered into non-disclosure agreements with them. Discussions are ongoing, Amigo said, adding that there was no certainty an offer would be made.The company, which issues loans typically guaranteed by a ..