UK homebuilder Persimmon considers a £1bn takeover bid for rival Cala Group, auctioned by parent Legal & General.

Persimmon, a major UK homebuilder, is reportedly considering a £1bn takeover bid for rival Cala Group, which is being auctioned off by its parent company Legal & General. Other bidders, such as Taylor Wimpey and Avant Homes, may also emerge. A potential takeover would coincide with the UK general election campaign, where parties are expected to introduce policies to address chronic housing shortages.

May 25, 2024
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