The sale of Linden Homes and Galliford Try Partnerships has been achieved in a transaction valued at approximately £1.1bn, including shares, debt transfer and a £300m cash payment.
The sale follows Galliford Try’s decision to focus on its main markets in building, highways and environment.
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Bill Hocking has been appointed as chief executive at Galliford Try Holdings PLC, a newly listed entity replacing the previous Galliford Try PLC on the London Stock Exchange.
Bill said: “I am excited by the bright future that lies ahead for Galliford Try as a well-capitalised, standalone, agile business and I look forward to working with our stakeholders to achieve our mutual objectives.
“We have struck a favourable deal for our shareholders and one that will benefit both ourselves and Bovis Homes for years to come.”
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