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Galliford Try Completes Sale of House Building Businesses

Infra News - Published on Tue, 14 Jan 2020

Image Source: Galliford Try
Galliford Try announced that it has completed its planned demerger, following confirmation to the London Stock Exchange of the disposal of its housebuilding businesses to Bovis Homes plc. The sale of Linden Homes and Galliford Try Partnerships has been achieved in a transaction valued at approximately GBP 1.1 billion, including shares, debt transfer and a GBP 300 million cash payment.

The latter leaves Galliford Try as a well-capitalised standalone construction business, concentrating on its main markets in Building, Highways and Environment, with key positions on the major public and regulated frameworks around the country.

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Posted By : Yogender Pancholi on Tue, 14 Jan 2020
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