MITIE GROUP PLC. TO BUY RIVAL INTERSERVE FACILITIES MANAGEMENT UNIT

Highlights –

• London’s Mitie Group PLC. to purchase rival Interserve unit.
• It plans to purchase the rival facilities management unit at $340 million.
• By the end of March Mitie saw an operating profit of $10.71 million for the year.
• Interserve’s facilities arm had around $1.74 billion in sales annually.

London-based Mitie Group PLC (MTO.L), wh....