The Catalyst board gave its go ahead for a merger with Aldwyck on Wednesday 5 December. This follows Aldwyck’s board approving the proposals the week before.
Both boards believe that by joining together we’ll be able to build more homes over a wider area, deliver an excellent customer experience and create a greater place to work. In making their decisions the boards considered a full business case, comprehensive due diligence reports, and feedback from customers.
Subject to consent from lenders and agreeing some details in January and February, Aldwyck will join Catalyst as a subsidiary from 1 April 2019 and merge fully, as soon as is practical, after that.