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Tarmac deal meets with muted response

Article Abstract:

There has been an unenthusiastic response to plans by Tarmac to demerge into a materials business, to retain the Tarmac name, and a construction division, to be known as Carillion. Clients do not feel that they are likely to benefit from the merger, and financial experts point out that little real detail of the financial structure of the new businesses has been provided. The 25 million pounds sterling deal will involve Sir Neville Simms becoming Carillion Chmn, while Tarmac Group Chief Executive will be Tarmac Group Director Roy Harrison.

Author: White, Dominic
Publisher: Builder Group plc
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
Construction industry, Mergers, acquisitions and divestments, Building materials industry, Tarmac PLC

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In person

Article Abstract:

STG Founder Stefan Allesch-Taylor points out he may chose to make a bid for quantity surveyors MDA in May 2000, his firm already owns 29.7% share of the firm. STG has also purchased a 60% share of Internet Holdings for 85 million pounds sterling.

Author: White, Dominic
Publisher: Builder Group plc
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 2000
Officials and employees, Behavior, Real estate industry, Businessmen, Allesch-Taylor, Stefan, STG

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