UNITE Group PLC (FRA:U1B)
€ 10.8 -0.1 (-0.92%) Market Cap: 4.80 Bil Enterprise Value: 6.13 Bil PE Ratio: 37.87 PB Ratio: 1.00 GF Score: 81/100

Unite Group PLC to Acquire Liberty Living Group PLC Call Transcript

Jul 03, 2019 / 07:30AM GMT
Release Date Price: €11.45 (+5.92%)
Richard S. Smith
The Unite Group plc - CEO & Director

Well, good morning, everybody. And thanks for all those who've made it to the Numis auditorium and also all those on the line. All those aren't here are missing out on breakfast bars and sweeties. And it's been a busy morning already for some of you, so it seems to be the sweeties that are going down very well. So if you can hear rustling in the background, it's not me. It's those in the audience. So as I say, thank you very much for coming and thanks for listening.

Today, I'm delighted to be able to announce our proposed acquisition of Liberty Living; and also the placing to support that acquisition, not necessarily such new news as I was hoping to give on this announcement following the leak last week, but obviously something that we're really excited to be talking about. We've been really thinking about this for about the last year. We approached CPPIB, who own Liberty Living, about this transaction and working with them over the course of the last little while. And I do fundamentally believe that this is the right deal for Unite at

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