21st Nov 2013 15:54
LONDON (Alliance News) - Mears Group PLC shareholders Thursday approved the disposal of the entire issued share capital of Haydon Mechanical and Electrical Ltd at a general meeting.
The housing maintenance services company said that following the decision, the transaction has now been completed.
The company decided to sell its engineering services subsidiary to the unit's management after the group decided to change its focus due to HMEL running at a loss.
Mears Group shares were down 0.1% to 437.75 pence Thursday.
By Tom McIvor; [email protected]; @TomMcIvor1
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