Alex Reid finally agrees to divorce Price

Updated: Feb 03, 2011, 10:44 AM IST

London: Katie Price is set to start official proceedings for her divorce with Alex Reid soon.

"Katie told Alex she will petition for divorce as soon as possible. He has agreed. This is one of several significant gestures on his part but he still wants to make sure he gets a good deal," quoted Katie`s friend as saying.

According to reports, Reid has agreed to a legal separation at the blonde beauty`s mansion in Surrey, South East England Monday.

The 35-year-old cage fighter had so far being refusing to move out of the home which he has shared with Katie and her children.

"He has so far refused to be gagged. He`d rather take a smaller amount financially from the marriage with a view to profit from it in the future," the friend said.