Acquisition
11 August 2006 - 5:30PM
UK Regulatory
RNS Number:5784H
Hyder Consulting PLC
11 August 2006
HYDER CONSULTING PLC ("Hyder Consulting" or the "Company")
ACQUISITION OF MINORITY INTEREST
HYDER CONSULTING MEP LIMITED ("MEP")
The Company's subsidiary Hyder Consulting Overseas Holdings Limited ("HCOHL")
has acquired a further 22.5% of MEP from RI Associates Limited. Audited gross
assets of MEP at 31 March, 2006 attributable to the interest acquired were
#1.11 million. MEP was established to acquire the Roberts and Partners
International business in Dubai and Manila in July 2004, with HCOHL holding
70% of the equity. Following the acquisition, MEP is a 92.5% owned subsidiary
of the Company. HCOHL has an option to acquire the remaining 7.5% minority
shareholding in MEP during the 12 months commencing on 30 July 2007.
For further details:
Tim Wade, Chief Executive, Hyder Consulting PLC Tel: 020 7316 6000
Simon Hamilton-Eddy, Financial Director,
Hyder Consulting PLC Tel: 020 7316 6000
Shane Dolan, Biddicks Tel: 020 7448 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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