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Pioneer still in talks with suitors

Debt buyer and collection agent Pioneer Credit has updated the market on takeover discussions it has been holding with several parties, saying there is nothing it is prepared to proceed with but it is still talking. In April, Pioneer responded to a media report that it was the subject of a takeover offer, saying that it had received several indicative proposals.Yesterday it said: "The most comprehensive proposal will not proceed in its current form, however the company remains in discussions with the party. Discussions with other parties continue in parallel."

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