SigmaRoc agrees to acquire rock quarrying group Stone Holdings

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Construction company investor SigmaRoc said it had agreed to acquire Belgian sea defence rock quarrying group Stone Holdings for up to €2.2m.

The consideration would be paid through a combination of cash and new SigmaRoc at a price of 50p each.

The deal was struck at a multiple of 4.4 times three-year average Ebtida.

At 8:26am: (LON:SRC) SigmaRoc Plc share price was +0.3p at 40.5p

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