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Business & Finance

Mitie agrees £3.1bn takeover by OCS in blow to London stock market

The Guardian World Tuesday 21 July 2026, 09:10 UTC By Lauren Almeida 1 min read
Key Points

Board of UK government contractor recommends deal with private-equity owned rivalBusiness live – latest updatesThe outsourcer Mitie has agreed to a £3.1bn takeover by its private-equity owned rival OCS Group, ending nearly four decades on the stock market and making it the latest London-listed company to be acquired this year. On Tuesday, the government contractor said its board has recommended that shareholders accept a cash offer of 221.6p a share, a 44.7% premium to Monday’s closing price.

Board of UK government contractor recommends deal with private-equity owned rival

The outsourcer Mitie has agreed to a £3.1bn takeover by its private-equity owned rival OCS Group, ending nearly four decades on the stock market and making it the latest London-listed company to be acquired this year.

On Tuesday, the government contractor said its board has recommended that shareholders accept a cash offer of 221.6p a share, a 44.7% premium to Monday’s closing price.

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Mitie (PERSON) OCS (ORG) London (LOCATION) Board (ORG) UK (LOCATION) OCS Group (ORG)
Originally published by The Guardian World Read original →

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