Kier group has this morning confirmed that it has launched a takeover bid for Mouchel.
Kier has made the announcement confirming that it has held preliminary discussions with Mouchel regarding a potential acquisition in response to recent press speculation.
In a statement issued to the Stock Exchange, Kier said that there can be no certainty that an acquisition of Mouchel will be completed and that a further announcement would be made if and when appropriate.
Both firms are key players in the UK water sector.
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