Kier Group said in a statement this morning via the UK regulatory news service that:
"In view of recent press speculation, Kier Group plc ("Kier") confirms that it has held preliminary discussions regarding a potential acquisition of Mouchel.
There can be no certainty that an acquisition of Mouchel will be completed."
The statement comes after I revealed on Tip TV on Friday and Betaville on Saturday that Kier was looking quite seriously at buying Mouchel for about £400 million.
Also, some loyal readers may have noticed that German property company Deutsche Annington has announced it plans to buy rival Gagfah for almost €4 billion.
But for readers that don't recall, back in May I said that there was something was afoot with Gagfah and that Deutsche Annington had been taking a look at the business.
Here are links to those articles:
I took a bit of stick - you know who are you are - when Fortress placed some of its stake in Gagfah in the market after the publication of my articles.
However, I think I have been vindicated for talking/publishing about Deutshce Annington's interest in Gagfah by today's news.
Ciao
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