Gallaghers to take housebuilder Abbey private

By Joey Gardiner2020-12-10T10:53:00

Deal to delist agreed as Abbey warns of “very difficult” trading periods ahead

Developer Gallagher Holdings has announced plans to buy out the remaining portion of listed Anglo-Czech housebuilder Abbey in a deal valuing the firm at £329m.

The Euro 163m turnover housebuilder is already 96% owned by Gallaghers, which has said it will pay £14.4m for the remaining 4%, at a small premium to the current share price.

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