A2Dominion Housing Group Ltd Announcement of Partnership Discussions (0921W)

TIDM54XE

RNS Number : 0921W

A2Dominion Housing Group Ltd

14 November 2017

A2Dominion and Radian announce partnership

The Boards of Radian Group Limited and A2Dominion Housing Group Limited are today announcing the start of formal discussions to form a partnership. Between them the two Groups own and manage 57,000 homes in London and the South of England. The partnership is intending to explore options that will:

   --     Deliver long-term benefits for the residents and local communities served by the two Groups. 
   --     Provide homes, services and support for people at all stages of their lives. 
   --     Build more by working in partnership than both Groups can do alone. 

-- Transform customer experience by developing well regarded digital services for customers alongside a continued strong focus on local services.

Work will start shortly to develop the detailed proposals for the partnership. Lenders and investors are key partners for both Groups and will be an important part of that process. We will make further contact with lenders and investors in the New Year and both Groups look forward to continuing these positive relationships in future years.

For further information please contact:

Dean Tufts, Executive Director (Finance and Strategy), A2Dominion Housing Group on [e-mail] or 020 8825 2202

Or

Anne Costain, Executive Director (Finance), Radian Group Limited on [e-mail] or 01753 777 408

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFMMGMKLVGNZM

(END) Dow Jones Newswires

November 14, 2017 05:00 ET (10:00 GMT)