June 24, 2020 / 8:26 PM / 10 days ago

UK's Mitie in talks to buy Interserve's support services arm for over 250 million pounds - Sky News

(Reuters) - Mitie Group Plc is in advanced discussions to buy Interserve’s facilities management arm for more than 250 million pounds, Sky News reported on Wednesday.

Mitie was expected to launch a 200 million pound rights issue to help fund the deal, the report said, citing sources.

The companies did not immediately respond to Reuters’ request for comment.

A deal could be announced as soon as Thursday, the report added.

Reporting by Aishwarya Nair in Bengaluru; Editing by Shinjini Ganguli

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