Breedon Group Plc announces acquisition

  • Jan 08, 2020 GMT
  • Team Kalkine
  • The company has agreed to acquire CEMEX’s UK assets for £155 million in cash along with £23 million of lease liabilities
  • For FY 2018, CEMEX's UK Assets generated revenue of £178 million along with EBITDA of £23 million
  • The transaction will be financed by £350 million of existing revolving credit facility
  • On 8th January 2020, at the time of writing, GMT 11:38 AM, BREE shares were trading at GBX 86.30, up by 4.30 points or 5.24% against the previous day closing price.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK