Aster Treasury PLC Aster Group plans merger with Central and Cecil (7490C)
June 24 2021 - 4:30AM
UK Regulatory
TIDM42RJ
RNS Number : 7490C
Aster Treasury PLC
24 June 2021
EMBARGOED UNTIL 10.30AM THURSDAY, 24 JUNE 2021
Aster Treasury Plc
24 June 2021
Aster Group plans merger with Central and Cecil Housing
Trust
Aster Group and London-based housing trust Central and Cecil
(C&C) have today announced they are in early talks to merge the
two businesses.
Aster Group, headquartered in Wiltshire, is a not-for-dividend
housing association with over 32,000 homes, 1,450 employees and a
turnover of GBP214.6m. It serves customers across the south of
England.
C&C, headquartered in London, specialises in providing
affordable housing and care for over 55s living in London. It has
1,840 homes, just under 300 employees.
The partnership would increase Aster's net assets from GBP888m
to just under GBP1bn.
Both Boards will receive a final business case in the autumn. A
further announcement will then be made.
ENDS
For more information contact:
Chris Benn, Group Finance Director - chris.benn@aster.co.uk
Lynsey Thorp, Head of Communications -
lynsey.thorp@aster.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRZLLFLFQLXBBX
(END) Dow Jones Newswires
June 24, 2021 05:30 ET (09:30 GMT)
Aster 43 (LSE:42RJ)
Historical Stock Chart
From Nov 2024 to Dec 2024
Aster 43 (LSE:42RJ)
Historical Stock Chart
From Dec 2023 to Dec 2024
