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Tue September 29 2020

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Morgan 'planning to take Redrow private'

26 Sep 11 Redrow founder Steve Morgan is planning to take the housebuilding group private, according to reports.

Redrow founder and major shareholder Steve Morgan
Redrow founder and major shareholder Steve Morgan

Mr Morgan, who owns nearly 30% of the company that he founded in 1974, is said to have backing for the plan from second-largest shareholder Toscafund Asset Management, which holds 11%.

The Mail on Sunday yesterday reported that Mr Morgan is preparing to make his move as soon as the market lifts.

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MPU
MPU

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