Property firm London Merchant Securities said on Monday it was considering a potential merger with a third party but denied a media report that it may get a bid approach.

The Board of London Merchant Securities notes the press speculation yesterday in relation to a potential offer for the company by a private equity purchaser ...The company is not aware of any such offer, it said in a statement.

However, London Merchant Securities is considering a potential merger with a third party. Discussions are at a very preliminary stage and no merger terms have been proposed by either side.

Investment London