A cheeky financial blog with stories about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington.
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Portuguese consortium said to still be working on BHS despite closure - part 3
Most of my peers and rivals are down in Westminster live tweeting Sir Philip Green's interview (wind up) by MPs.
But I thought I would take this opportunity to set the record straight. After this morning's post I had a call from a representative of the Soares do Santos family in Portugal, claiming the family is not backing Greg Tufnell's consortium in its attempt to buy BHS.
I thought that was a somewhat strange assertion given almost all of the British national press, many of whom I regard highly as reporters, have been reporting over the last couple of weeks that the dos Santos family is backing Greg Tufnell's consortium.
My own sources have also assured that the consortium is backed by a wing of the dos Santos family.
So, I explicitly asked for an on-the-record comment from the dos Santos family's representative. This is what the person came back with:
"I can confirm on the record that the Soares dos Santos family are not and never have been involved in any bid for BHS."
It's a bit puzzling but I suspect what's happening here is that the left hand doesn't quite know what the right hand is doing.