Deal with social housing contractor is expected to be completed next week
Rok is set to make a significant acquisition next week ahead of changes to Capital Gains Tax laws.
Garvis Snook: refused to comment on deal
It is understood the 拢950m-turnover business will complete a deal for a social housing contractor with a turnover described by one source as 鈥渂elow the 拢107m made by Tulloch鈥�, which it bought for 拢31.3m in September 2006.
Rok chief executive Garvis Snook refused to comment on the speculation.
Two weeks ago Snook said the acquisition market had got hotter ahead of the changes to CGT that are to come in on 6 April.
The abolition of taper relief on CGT means that partnerships and individuals will pay a flat rate of 18% on a chargeable gain if they sell up after that date, compared with a previous maximum rate of 10%.
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