Building materials firm in £50 million takeover move
Friday 20th August 2010, 3:00PM BST.
Ronez is part of Aggregate
A JERSEY company has become the biggest domestically-owned player in the British building materials industry after completing a reverse takeover.
Marwyn Materials has raised £50 million on the stock exchange and agreed a deal to buy Breedon Holdings.
The new group is to be called Breedon Aggregates and will have 29 quarries, 19 asphalt plants and 27 concrete plants in the East Midlands and Scotland.
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Does this mean another company now not paying any tax as it is UK owned ??
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