Indigo Capital LLC, the US hedge fund, has said it no longer intends to make an offer for Regus. Indigo was publicly censured by the UK Takeover Panel in January for leading the market to believe it was interested in buying the UK office supplier.

The fund said in a statement on Thursday: "Following the announcement made on January 7 2003, Indigo Capital LLC announces that after further consideration, it has no longer any intentions of making an offer to acquire the issued share capital of Regus."