On 2 February Loqus Holdings announced that its Board of Directors took the decision to put the Fleet-Management business unit up for sale and search for a suitable strategic partner. Loqus explained that a potential major international entity in the mobility area could produce synergies in both the technical and marketing fields enabling the Group to be more successful in pursuing potential new business. Loqus Holdings also confirmed that it is in discussions with two entities and negotiations with one of these are in an advanced stage. Loqus also indicated that the financial statements for the year ended 30 June 2011 are in the final stages of completion and these will be published to better reflect the impact of the outcome from such possible discussions. Loqus further announced that it is endeavouring to publish the financial statements by the end of the first quarter of 2012.