CMA clears Mitie's acquisition of Interserve Facilities Management

Mitie Group

110.80p

12:40 24/12/24

1.65%

1.80p

Mitie shares rallied on Tuesday after the Competition and Markets Authority approved its acquisition of Interserve’s cleaning and maintenance business.

FTSE All-Share

4,449.61

13:14 24/12/24

n/a

FTSE Small Cap

6,846.22

12:49 24/12/24

n/a

Support Services

10,551.01

12:54 24/12/24

0.34%

35.43

Mitie announced in June that it was planning to buy Interserve Facilities Management for £271m to enhance its position "as a leading UK facilities management company".

Earlier this month, Mitie revised the terms of the acquisition, reducing the price by £81m.

The deal is subject to a shareholder vote that will be held on 23 November.

At 1305 GMT, the shares were up 6.7% at 36.26p.