By continuing to use this site you consent to the use of cookies on your device. Find out more about our cookie policy and the types of cookies we use by clicking here

Christie Group Unit Brokers Sale Of Avsan To Bupa Dental Care

LONDON (Alliance News) - Christie Group PLC on Thursday said its Christie & Co advisory service ...

Alliance News 7 December, 2017 | 12:09PM
Email Form

LONDON (Alliance News) - Christie Group PLC on Thursday said its Christie & Co advisory service has successfully brokered the sale of Avsan Holdings Ltd to Bupa Dental Care.

Avsan is made up of 16 practices across Scotland and England, whilst Bupa has 460 practices across the UK and Ireland.

Christie said it believed the deal to be "the largest independent portfolio sold in the sector in 2017".

"The deal demonstrates the appetite in the market for well run, profitable small and mid-sized groups. There are a number of other groups weighing up options for 2018 and we will undoubtedly see further consolidation at the middle to top end of the sector," said Simon Hughes, managing director of Christie & Co's Dental team.

Shares in Christie Group were up 2.0% at 125.00 pence Thursday.

By Hana Stewart-Smith; hanassmith@alliancenews.com;

Copyright 2017 Alliance News Limited. All Rights Reserved.

Email Form
Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Christie Group PLC 126.00 GBX 0.40 -
About Author Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.