Southern Housing Group Limited Merger agreement (5391B)

TIDM58PR

RNS Number : 5391B

Southern Housing Group Limited

03 October 2022

Optivo and Southern Housing Group merger approved

The boards of Optivo and Southern Housing Group have approved proposals to merge and create a new 77,000 home social landlord.

The new organisation will be named Southern Housing and the target date for formal completion is early 2023 , subject to lender consents.

Discussions about a potential merger were first announced in March this year.

Optivo is a community benefit society with registered number 7561 and registered as a Registered Provider with the Regulator of Social Housing with number 4851.

Optivo Finance Plc (registered number 7933814) is a wholly owned subsidiary of Optivo.

Southern Housing Group Limited is a community benefit society with registered number 31055R and registered as a Registered Provider with the Regulator of Social Housing with number L4628.

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October 03, 2022 05:15 ET (09:15 GMT)