FTSE 250 housebuilder Vistry is plotting a takeover of its troubled rival Countryside Partnerships.
Vistry boss Greg Fitzgerald is thought to be considering a swoop after Countryside put itself up for sale in June following the rejection of two bids from third-largest investor Inclusive Capital.
Takeover: Vistry boss Greg Fitzgerald is thought to be considering a swoop after Countryside put itself up for sale in June
Inclusive offered as much as £1.5billion for the firm but Vistry is thought to be targeting a lower bid as the outlook for the housing market darkens amid spiralling inflation, the Sunday Telegraph reported.
The firm is betting a cut-price takeover of Countryside will allow it to reap the benefits of a house building boom that is expected under Liz Truss, who has vowed to cut red tape in the sector.
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