SigmaRoc agrees to acquire rock quarrying group Stone Holdings

Writer,

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

  •

Related content

SigmaRoc secures £125m credit facility led by Santander UK

Heavy construction materials group SigmaRoc said it had entered into a new credit facility of up to £125 million led by Santander UK and including...

Tue, 22/12/2020 - 09:20

SigmaRoc forecasts earnings beat; launches £12.4m equity raising

Heavy construction materials group SigmaRoc said it expected its underlying annual results to be 'comfortably' head of market expectations amid a large rise in revenue....

Wed, 09/12/2020 - 08:57

SigmaRoc completes acquisition of Welsh quarrying group GDH

Construction materials company SigmaRoc said it had completed the acquisition of the remaining 60% equity interest in Welsh quarrying group GDH that it didn't already...

Tue, 22/09/2020 - 07:38

SigmaRoc profit rises following Carrieres du Hainaut acquisition

Construction materials group SigmaRoc posted a rise in first-half profit after its acquisition of Carrieres du Hainaut last October boosted sales.

Pre-tax profit for the...

Mon, 07/09/2020 - 09:36

SigmaRoc acquires remaining 60% of GDH for £7.5m

Construction materials group SigmaRoc said it had agreed to acquire the remaining 60% of Welsh quarrying company GDH that it didn't already own for £7.5m....

Tue, 01/09/2020 - 07:36