Orbit Capital PLC Statement re Partnership (2691V)
10 12월 2021 - 6:39PM
UK Regulatory
TIDM61DS
RNS Number : 2691V
Orbit Capital PLC
10 December 2021
Orbit Capital plc
10 December 2021
The Boards of Orbit Group Limited and Swan Housing Association
Limited are today announcing that they are in discussions to form a
partnership. Orbit acknowledges the matters raised in the
Regulatory Judgement and are working with Swan on the findings.
In addition to realising a combined managed property portfolio
of almost 60,000 homes, it is anticipated that the partnership will
bring additional strength and focus in the management of housing
and development operations.
It is expected that the transaction will be completed late
2022.
For further information please contact:
investors@orbit.org.uk
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END
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