Kier Group PLC (KIE.L)
22 May 2015
LONDON, April 28 - Kier Group has agreed to buy Mouchel in a 265 million pound ($404 million) deal that will add motorway maintenance to its local roads business and help it to secure more of the 17 billion pounds Britain is spending on its highways.
LONDON, April 28 - British support services and construction firm Kier Group said it had agreed to acquire road maintenance company Mouchel for 265 million pounds ($404 million), financed by a 340 million pound fully underwritten rights issue.
* Separately Kier in talks to buy Mouchel (Adds analyst, source comments, shares)