Update on the Proposed Acquisition

RNS Number : 5264D

Breedon Aggregates Ld

30 April 2013

 



30 April 2013

Breedon Aggregates Limited

("Breedon" or the "Group")

                                    Acquisition of certain Scottish Assets from Aggregate Industries

Further to the announcement by Breedon on 10^th April regarding the acquisition of certain Scottish assets from Aggregate Industries (the "Transaction" or the "Assets"), the Group has received a request for information from the Office of Fair Trading (OFT).

The OFT has requested certain interim undertakings from the Group during the course of its review and Breedon envisages entering some undertakings once completion has occurred. The Transaction will complete as planned at close of business today. These undertakings have not yet been agreed but are intended, in particular, to ensure the assets are not impaired by Breedon during the course of the review.

Whilst there is some overlap between the Group's current operations and the Assets, the board believes that there are no material competition issues in respect of the Assets and will work with the OFT to seek a successful outcome.

- ends -

For further information:

Breedon Aggregates Limited                                             01332 694010

Peter Tom CBE, Executive Chairman

Simon Vivian, Group Chief Executive

Ian Peters, Group Finance Director

Stephen Jacobs, Head of Communications                           07831 764592

Cenkos Securities                                                                020 7397 8900

Max Hartley,    Nicholas Wells           

 

END

 

 

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