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Tag Archives: shareholders

Interserve agrees rescue plan with its lenders

Interserve has announced in a statement that key commercial terms of its Deleveraging Plan have been agreed in principle with all of the company’s lenders, bonding providers and the Pension Trustee. The Board believes the Deleveraging Plan which is expected to ...

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Water risks pose a major threat to business growth

Exposure to water risks, including water scarcity, accessibility and poor water quality, which have the potential to limit business growth have been reported as a major concern by two-thirds of the world’s largest companies. The latest annual global water report, released ...

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Balfour Beatty rejects Carillion’s third merger offer

Balfour Beatty has rejected a third merger proposal by Carillion, after consulting with its major shareholders. On Tuesday (19 August), Carillion put forward improved merger terms, offering Balfour Beatty investors an increased share of the company to 58.3 per cent ...

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Carillion and Balfour Beatty in possible merger talks

The Boards of Carillion and Balfour Beatty have confirmed that, following an approach from Carillion to Balfour Beatty, the two companies are engaged in preliminary discussions in relation to a possible merger of Carillion and Balfour Beatty. The Boards of ...

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Balfour Beatty proclaims disposal of PPP assets

Balfour Beatty has announced the disposal of its 50 per cent interest in the University Hospital of Durham PPP project and its 100 per cent interest in the Knowsley Building Schools for the Future (BSF) project for a total consideration ...

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CH&Co gets its Apostrophe right

CH&Co has announced it is taking full ownership of stylish high street café group Apostrophe. The multi-brand catering business, which already owns 50% of the leading coffee shop chain, says it is buying the remaining 50% stake in the business, ...

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Interserve completes acquisition of Initial Facilities

Interserve has completed its acquisition of Initial Facilities, Rentokil’s facilities management division for £250 million. Interserve shareholders voted in favour of the acquisition, which the firm’s board claims would make it one of the largest providers (top three by revenue) of ...

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Interserve investors vote in favour of £250m acquisition of Rentokil’s Initial Facilities

Shareholders of international construction and support services firm Interserve have today voted in favour of a resolution to approve the acquisition of the facilities services business, Initial Facilities, from a subsidiary of Rentokil Initial Plc for a cash consideration of £250 million. Initial Facilities ...

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Streamlining energy use via smart metering ‘essential’ for listed businesses reporting GHG emissions

The UK will soon become the first country to make it compulsory for quoted companies to report on their emissions data in their annual directors report from 1 October 2013. According to the head of a legal department at a ...

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Rival bid from Kier puts Costain’s May Gurney acquisition offer in jeopardy

Kier, the construction and support services group and May Gurney, the waste and infrastructure firm, have this morning announced they have agreed terms of a recommended acquisition offer. May Gurney had previously agreed – and recommended to its shareholders – an all-share ...

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