Restore completes Wincanton deal

Support services group Restore has completed the acquisition of Wincanton and Wincanton Records Management for a combined £60m.

The London-listed company first announced the deal last month, when it confirmed the acquisition, which was financed from funds raised through a placing, was still subject to regulatory approval.

In a short statement released on Tuesday, Restore said the deal has now been completed and the admission of 13,076,924 new ordinary shares priced at 5p each was now effective.

Restore shares were down 1.91% to 283.00p at 1559 GMT on Tuesday.