7th Jan 2022 18:00
Schroder British Opportunities Trust PLC - investment company - Private equity investment Waterlogic Group Holdings has agreed to a merger with water services provider Culligan International.
Merger is expected to close in the second half of 2022, subject to receipt of regulatory approvals and other conditions.
"We are delighted to see the announcement of this combination which will create a global leader in sustainable drinking water solutions and services while allowing SBO to remain a shareholder. The combined business has very strong sustainability credentials and considerable future growth potential through continued M&A and new product innovation," says Portfolio Manager Tim Creed.
Current stock price: 107.54 pence
12-month change: up 7.5%
By Dayo Laniyan; [email protected]
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