Galliford Try to combine housebuilding businesses with BovisChristian Fernsby ▼ | September 10, 2019
Galliford Try plc has announced it has reached preliminary agreement on high-level terms to combine its Linden Homes and Galliford Try Partnerships businesses with Bovis Homes plc.
Britain Galliford Try
Topics: Galliford Try Bovis
These steps combine to give the standalone Galliford Try plc a well-capitalised construction group, which together with the recent restructure and focus on its core operations, see the business in a strong position for the future.
The combination of Linden Homes and Galliford Try Partnerships with Bovis will create a business with an enviable position in the housebuilding sector, with extensive geographic coverage and a strengthened housebuilding and partnerships operating platform.
When finalised, the proposal will be taken forward for the approval of both sets of shareholders, with a view, if approved, to completing the transaction in the coming months. ■