(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