Bouygues completes Leadbitter buyout
3 July 2012
Bouygues Construction subsidiary Bouygues Bâtiment International has acquired the remaining 49% stake in housing firm Leadbitter.
The French contractor has bought out Leadbitter’s management team for an undisclosed sum, giving it 100% ownership of the company.“Leadbitter is an important addition to Bouygues in the UK, providing us with valuable access to sectors and geographies that complement our existing offering,” said Madani Sow, chairman of Bouygues UK, Warings and Bouygues Development.
The move follows Bouygues’ acquisition of a 51% share in Leadbitter in December 2010, buying out the stake owned by Heijmans.
At the time, Oxfordshire-based Leadbitter said it would use the agreement to bid for more public contracts, including PPP schemes.
