I'm glad to see that Kier Group has finally announced the £265 million takeover of Mouchel. Readers might recall that I broke the story late last year on Tip TV and Betaville - here is a link http://betaville123.blogspot.co.uk/2014/11/banks-edge-closer-to-400-million.html - that Kier Group was in talks to buy Mouchel for a decent chunk of change.
Kier is funding the deal with a £340 million equity capital fundraising.
A cheeky financial blog with stories about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. [Disclaimer - the information on Betaville does not constitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions.]
Showing posts with label Mouchel. Show all posts
Showing posts with label Mouchel. Show all posts
Tuesday, 28 April 2015
Monday, 1 December 2014
Two Betaville scoops confirmed on one Winter's morning
Here is something to cheer you up on a cold, grey Monday morning - a couple of my Betaville """"""exclusive""""" jackanories have just been confirmed.
Kier Group said in a statement this morning via the UK regulatory news service that:
Kier Group said in a statement this morning via the UK regulatory news service that:
Saturday, 29 November 2014
Banks edge closer to £400 million Mouchel sale; Kier in the running
It sounds like the Mouchel sale I was talking about on Tip TV yesterday morning is getting closer to completion.
Some of my best sources got in touch after yesterday's session on Tip TV. They believe Mouchel and its advisers at NM Rothschild are now in very serious/advanced discussions about a deal with at least one buyer, and I think the purchaser could very well be Kier Group.
Some of my best sources got in touch after yesterday's session on Tip TV. They believe Mouchel and its advisers at NM Rothschild are now in very serious/advanced discussions about a deal with at least one buyer, and I think the purchaser could very well be Kier Group.
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