Business
Update re acquisition of cont
Update re acquisition of cont.
About this update from Morgan Sindall Group Plc
[{"type":"text","content":"\n RNS Number : 4265T Morgan Sindall Group PLC 28 September 2010 \n \n\n \n28 September 2010\n \nUpdate regarding the acquisition of social housing contracts from Connaught\n \nFurther to the announcement made on 10 September regarding the acquisition by Lovell Partnerships, the Affordable Housing division of Morgan Sindall Group plc (\"Morgan Sindall\"), of the related assets associated with the majority of contracts of the social housing division of Connaught plc, Morgan Sindall today provides the following update.\n \nWe have made good progress with clients, and are pleased to announce that agreements in principle have been reached with 42 local authority and housing association clients for the transfer of their contracts to Lovell. Discussions are ongoing with a number of other clients which are yet to agree to the transfer of their contracts.\n \n\"We are pleased to have secured so many partnerships so quickly and are delighted with the way clients have responded\", says Lovell managing director Stewart Davenport. \"Our prompt action has enabled us to provide customers with essential maintenance services with minimal disruption.\"\nEnds\nEnquiries:\n \nMorgan Sindall Group plc Tel: 020 7307 9200\nPaul Smith, Chief Executive\nDavid Mulligan, Finance Director\n \nBlythe Weigh Communications Tel: 020 7138 3204\nTim Blythe Mobile: 07816 924626\nPaul Weigh  ...