BPHA Finance PLC bpha Limited in early partnership talks (3859H)

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RNS Number : 3859H

BPHA Finance PLC

06 April 2022

RNS

6 April 2022

bpha announces early talks with Flagship Group and Futures Housing Group

bpha announced today that it is in early talks with Flagship Group and Futures Housing Group to enter into a partnership.

The three organisations collectively manage over 60,000 homes in central and east England and are exploring the potential of combining their expertise and capability to enhance the provision of housing and local services in the area.

In a joint statement, Chairs Paul Leinster (bpha), Peter Hawes (Flagship) and Mike Stevenson (Futures) said:

"In these early stages of talks it is clear we have much in common, including geographic synergy, shared priorities to enhance customer service and the provision of more homes. All three organisations have strong credit ratings - bpha (A+, S&P), Flagship (A2, Moody's) and Futures (A+, S&P), which provides a firm financial foundation for a partnership."

"We are discussing how a combined, larger organisation could make a difference for more people. It is encouraging that our ethos and values align, and that we share a commitment to the importance of local delivery."

The organisations will continue to share updates as exploratory talks continue. Any agreement would be subject to approval by each housing association's Board.

For further information, please contact Gosia Motler, Director of Strategy & Corporate Finance, bpha Limited on 01234 986158 or [e-mail]

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Issuing entity: bpha Finance plc

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April 06, 2022 03:00 ET (07:00 GMT)