Connect with us

Hi, what are you looking for?

Business

Housebuilder Vistry plotting takeover of troubled rival Countryside Partnerships

Published

Takeover: Vistry boss Greg Fitzgerald is believed to be considering a nosedive after Countryside was put up for sale in June

FTSE 250 housebuilder Vistry plans to take over troubled rival Countryside Partnerships

From Daily Mail City & Finance Reporter

Released: | Updated:

FTSE 250 housebuilder Vistry is planning a takeover of its troubled rival Countryside Partnerships.

Vistry boss Greg Fitzgerald is believed to be considering a nosedive after Countryside put itself up for sale in June after rejecting two bids from third-largest investor Inclusive Capital.

Takeover: Vistry boss Greg Fitzgerald is believed to be considering a nosedive after Countryside was put up for sale in June

Takeover: Vistry boss Greg Fitzgerald is believed to be considering a nosedive after Countryside was put up for sale in June

Inclusive has offered up to £1.5bn for the company but Vistry is believed to be targeting a lower bid as the outlook for the property market dims amid rising inflation, the Sunday Telegraph reported.

The company is betting that acquiring Countryside at a bargain price will allow it to reap the benefits of a homebuilding boom expected under Liz Truss, who has vowed to cut red tape in the sector.

Some links in this article may be affiliate links. If you click on this, we may earn a small commission. This helps us fund This Is Money and keep it free to use. We do not write articles to promote products. We do not allow a business relationship to compromise our editorial independence.

ALSO READ:  MARKET REPORT: Chinese lockdowns dig mining stocks into a hole
In this article:
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Loved up: James Argent, 34, shared a passionate kiss with his movie star girlfriend Stella Turian, 18, as the duo stepped out in Marbella on Saturday Loved up: James Argent, 34, shared a passionate kiss with his movie star girlfriend Stella Turian, 18, as the duo stepped out in Marbella on Saturday

TV

James Argent, 34, shares a passionate kiss with his girlfriend Stella Turian, 18, in Marbella

James Argent shared a passionate kiss with his movie star girlfriend Stella Turian as the duo stepped out in Marbella on Saturday. The former...

September 17, 2022
The Halton District School Board suggested that criticizing Kayla Lemieux (above), the store teacher at Oakville Trafalgar High School, for wearing giant prosthetic breasts would violate Ontario's human rights code The Halton District School Board suggested that criticizing Kayla Lemieux (above), the store teacher at Oakville Trafalgar High School, for wearing giant prosthetic breasts would violate Ontario's human rights code

US

Canadian high school says it is ILLEGAL to criticize trans teacher with huge prosthetic breasts

A Canadian high school has suggested it would be illegal to criticize and stop a trans teacher from wearing giant prosthetic breasts in class....

September 21, 2022
Horrifying footage shows Shylah Rodden (pictured in black) being hit by the Rebel Coaster at the Melbourne Royal Show and being pushed nine meters up in a loop on Sunday Horrifying footage shows Shylah Rodden (pictured in black) being hit by the Rebel Coaster at the Melbourne Royal Show and being pushed nine meters up in a loop on Sunday

Australia

Footage shows the moment Melbourne Royal Show rollercoaster victim was hit

A harrowing video of the moment a young woman was hit by a roller coaster and left with horrific injuries has been shared online...

September 27, 2022
Marcus Cappo (centre) stood in court charged with 25 offenses of child sexual exploitation Marcus Cappo (centre) stood in court charged with 25 offenses of child sexual exploitation

Australia

Heir to South Australian seafood empire fronts court on child sex charges

The 19-year-old heir to the seafood empire is on trial for multiple child abuse and exploitation charges Marcus Cappo, 19, faced multiple charges in...

October 6, 2022