Share Name Share Symbol Market Type Share ISIN Share Description
VP LSE:VP. London Ordinary Share GB0009286963 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -22.50p -2.16% 1,017.50p 1,010.00p 1,025.00p 1,025.00p 1,015.00p 1,015.00p 1,741 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 303.6 30.8 61.7 16.5 408.57

Vp PLC CMA investigation into Brandon Hire acquisition

04/12/2017 7:00am

UK Regulatory (RNS & others)


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RNS Number : 2195Y

Vp PLC

04 December 2017

 
 Press Release   4 December 2017 
 

Vp plc

('Vp' or the 'Group')

CMA investigation into the acquisition of Brandon Hire

Vp plc, the equipment rental specialist, announces that on 1 December 2017 the Group was notified that the Competition & Markets Authority (the 'CMA') is investigating the completed acquisition by Vp of Brandon Hire Group Holdings Limited (the 'Acquisition'), as announced by the Group on 8 November 2017.

Prior to completion of the Acquisition, Vp conducted a detailed due diligence exercise, including assessing potential competition considerations and it will fully assist the CMA with its enquiry. The Group will provide further updates to the market as and when appropriate.

- Ends -

For further information:

 
 Vp plc 
 Jeremy Pilkington, Chairman             Tel: +44 (0) 1423 
                                                   533 400 
 Neil Stothard, Chief Executive              www.vpplc.com 
 Allison Bainbridge, Group Finance 
  Director 
 
 Media enquiries: 
 Buchanan 
 Henry Harrison-Topham / Jamie             Tel: +44 (0) 20 
  Hooper / Maddie Seacombe                       7466 5000 
 Vp@buchanan.uk.com                    www.buchanan.uk.com 
 
 

Notes to Editors

Vp plc is a specialist rental business providing products and services to a diverse range of markets including infrastructure, construction, housebuilding and oil and gas, both in the UK and overseas.

The Group comprises a UK and an International division:

UK

Groundforce

Excavation support systems and specialist products for the water, civil engineering and construction industries primarily in the UK, but also in the Republic of Ireland and mainland Europe.

Hire Station

Tools and specialist products for industry, construction and home owners.

Torrent Trackside

Infrastructure equipment and services for the railway renewals and maintenance industry.

TPA

Portable roadway access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.

UK Forks

Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.

International

Airpac Bukom Oilfield Services

Equipment and service providers to the international oil and gas exploration and development markets.

TR Group

Specialist rental of test & measurement, communications and audio visual equipment in Australia, New Zealand and Malaysia.

Further information is available at www.vpplc.com/investors

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFSFESDFWSEEE

(END) Dow Jones Newswires

December 04, 2017 02:00 ET (07:00 GMT)

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