Acquisitive Bovis Homes hits debt and equity markets

house building
By Mike Turner
07 Nov 2019

UK housebuilder Bovis Homes is heading to the debt and equity markets to finance an agreed £1.075bn acquisition of part of compatriot Galliford Try’s business.

Bovis Homes will buy Galliford Try’s Linden Homes and Partnerships & Regeneration businesses, which have combined revenue for the year to June 2019 of £1.44bn and combined profit of £195m.

The cash and shares deal, announced at 7am on Thursday, will give Galliford Try shareholders a 29.3% stake in ...

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