Aster Treasury PLC Aster Group plans merger with Central and Cecil (7490C)
24 Juin 2021 - 11:30AM
UK Regulatory
TIDM42RJ
RNS Number : 7490C
Aster Treasury PLC
24 June 2021
EMBARGOED UNTIL 10.30AM THURSDAY, 24 JUNE 2021
Aster Treasury Plc
24 June 2021
Aster Group plans merger with Central and Cecil Housing
Trust
Aster Group and London-based housing trust Central and Cecil
(C&C) have today announced they are in early talks to merge the
two businesses.
Aster Group, headquartered in Wiltshire, is a not-for-dividend
housing association with over 32,000 homes, 1,450 employees and a
turnover of GBP214.6m. It serves customers across the south of
England.
C&C, headquartered in London, specialises in providing
affordable housing and care for over 55s living in London. It has
1,840 homes, just under 300 employees.
The partnership would increase Aster's net assets from GBP888m
to just under GBP1bn.
Both Boards will receive a final business case in the autumn. A
further announcement will then be made.
ENDS
For more information contact:
Chris Benn, Group Finance Director - chris.benn@aster.co.uk
Lynsey Thorp, Head of Communications -
lynsey.thorp@aster.co.uk
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