SigmaRoc Seeking Acquisition of Ronez from LafargeHolcim
21 November 2016 - 7:54PM
Dow Jones News
LONDON--SigmaRoc PLC (SRC.LN) said Monday it is seeking
regulatory approvals to buy Ronez Ltd., from Aggregate Industries
Ltd., a wholly owned subsidiary of LafargeHolcim Ltd. (HCMLY), in a
deal that's classed as a reverse takeover under U.K rules.
SigmaRoc announced on Oct. 5 that it had submitted a binding
proposal for a deal, and that its shares were therefore suspended.
It didn't say what the deal was or who its was with.
The investing company said Monday it has participated in an
application to the Channel Islands Competition & Regulatory
Authorities for approvals to buy Ronez. The proposed acquisition
will be conditional on a number of things, including financing,
CICRA and shareholder approvals.
The company's ordinary shares will remain suspended from trading
on AIM until an admission document is published.
Ronez is a producer of construction materials. It operates two
quarries and multiple business lines with associated production
units across Jersey and Guernsey, providing a range of construction
materials to the local area.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
November 21, 2016 03:39 ET (08:39 GMT)
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